DHOAS home loan subsidy now accessible to veterans for up to five years after leaving ADF
The Defence Home Ownership Assistance Scheme (DHOAS) is administered by the Department of Veterans' Affairs on behalf of the Department of Defence to assist both current and former Australian Defence Force (ADF) members and their families to achieve home ownership. The DHOAS provides a subsidy on the home loan interest expense incurred in purchasing a home in which members or their families will live.
Previously applicants had only two years after leaving the ADF to apply for a DHOAS subsidy, this has now changed. If you have served within the last five years, completed a qualifying period of service and have accrued a service credit then you may be eligible.
You will need to take out a DHOAS home loan and meet the scheme conditions, including occupancy requirements, to receive the monthly subsidy payments.
The DHOAS subsidy is only offered in conjunction with a limited number of Australian banks. Australian Military Bank is one of only three Australian banks offering access to DHOAS eligible loans.
If you would like more information about your eligibility for a DHOAS loan please contact us on 1300 13 23 28.
