Navigating the First Home Scheme: A Guide to Affordable Housing Options
Are you a first-time homebuyer struggling to break into the Australian property market? With house prices skyrocketing and deposit requirements reaching new highs, it’s no wonder many aspiring homeowners feel discouraged. The good news is that the First Home Scheme is here to help, providing a lifeline for those seeking affordable housing options. In this comprehensive guide, we’ll delve into the ins and outs of the First Home Scheme, exploring its benefits, eligibility criteria, and how it can help you achieve your dream of homeownership with minimal financial burdens.
Introduction to the First Home Scheme
As we navigate the complexities of the Australian property market, it’s not uncommon for first-time homebuyers to feel overwhelmed by the financial burdens associated with securing their dream home. The First Home Scheme is a beacon of hope for these individuals, offering a government-backed initiative designed to make homeownership more accessible and affordable. In this section, we’ll delve into the intricacies of the First Home Scheme, exploring its benefits and providing guidance on what to expect, helping you make informed decisions on your journey to homeownership.
What is the First Home Scheme?
The First Home Scheme is a government-backed initiative designed to make homeownership more accessible and affordable for first-time homebuyers in Australia. This scheme is a crucial step towards addressing the shortage of affordable housing options available to first-time homebuyers, enabling them to purchase their dream home with minimal financial burdens.
The First Home Scheme: A Government-Backed Initiative
The First Home Scheme is a government-backed initiative aimed at helping first-time homebuyers achieve homeownership. 1 This scheme provides financial assistance to eligible homebuyers to purchase their first home, making it easier for them to secure a property with minimal deposit requirements. The scheme’s primary objective is to address the shortage of affordable housing options available to first-time homebuyers, ensuring that they can access the housing market without straining their finances.
Financial Assistance for Eligible Homebuyers
The scheme provides financial assistance to eligible homebuyers in the form of government-provided funding or grants. This assistance helps to make homeownership more affordable, enabling homebuyers to purchase their first home with a lower deposit. The scheme also aids in bridging the gap between the purchase price of the property and the loan amount, ensuring that homebuyers can secure a home without significant financial burdens.
Addressing the Shortage of Affordable Housing Options
The First Home Scheme is designed to address the shortage of affordable housing options available to first-time homebuyers. According to Australian Bureau of Statistics, the housing affordability gap continues to be a significant issue, making it difficult for first-time homebuyers to enter the market. The scheme’s implementation aims to alleviate this issue by providing financial assistance, reducing the financial burden on first-time homebuyers and increasing their purchasing power.
References:
This detailed content provides more information on what the First Home Scheme is, its financial assistance to eligible homebuyers, and its goal to address the shortage of affordable housing options.
Benefits of the First Home Scheme
The First Home Scheme is a government-backed initiative aimed at helping first-time homebuyers achieve homeownership. The scheme provides financial assistance to eligible homebuyers to purchase their first home, making it more accessible and affordable for those who may not have otherwise been able to enter the housing market.
Discussion Points:
The First Home Scheme helps to address the shortage of affordable housing options available to first-time homebuyers.
The First Home Scheme is a vital step towards addressing the shortage of affordable housing options available to first-time homebuyers. According to the Australian Bureau of Statistics (ABS), the number of first-home buyers in Australia has been steadily increasing over the past few years. However, the availability of affordable housing options remains a significant challenge. The First Home Scheme helps to bridge this gap by providing financial assistance to eligible homebuyers, making it possible for them to purchase their first home.
The scheme is designed to make homeownership more accessible and affordable for first-time homebuyers.
The First Home Scheme is designed to make homeownership more accessible and affordable for first-time homebuyers. By providing financial assistance, the scheme reduces the financial burden associated with purchasing a home, including the deposit, stamp duty, and other costs. According to the Australian Government’s Department of the Treasury, the First Home Scheme is part of a broader effort to make housing more affordable for Australians. The scheme helps to increase the supply of affordable housing options, which in turn, makes it easier for first-time homebuyers to enter the housing market.
For first-time homebuyers, the First Home Scheme offers a range of benefits, including:
- Reduced financial burden: The scheme helps to reduce the financial burden associated with purchasing a home, including the deposit, stamp duty, and other costs.
- Increased access to affordable housing: The First Home Scheme increases the supply of affordable housing options, making it easier for first-time homebuyers to enter the housing market.
- Improved chances of homeownership: By providing financial assistance, the scheme improves the chances of homeownership for first-time homebuyers, who may not have otherwise been able to purchase a home.
Overall, the First Home Scheme is a vital initiative aimed at helping first-time homebuyers achieve homeownership. By providing financial assistance and reducing the financial burden associated with purchasing a home, the scheme makes it more accessible and affordable for those who may not have otherwise been able to enter the housing market.
Understanding the First Home Scheme
If you’re a first-time homebuyer navigating the complex world of affordable housing options, this section will provide you with a comprehensive guide to the First Home Scheme. The First Home Scheme is a government-backed initiative designed to help first-time homebuyers like you achieve homeownership by addressing the shortage of affordable housing options. In this section, you’ll learn about the scheme’s eligibility criteria, benefits, and how it can provide you with the necessary support to make buying your dream home a reality necessitating minimal down payments
What is the First Home Scheme?
The First Home Scheme is a government-backed initiative aimed at helping first-time homebuyers achieve homeownership. The scheme is specifically designed to provide financial assistance to eligible homebuyers to purchase their first home, making it easier for them to secure their dream home.
Understanding the Scheme’s Purpose
The First Home Scheme is a crucial step in addressing the shortage of affordable housing options available to first-time homebuyers. According to recent reports, many first-home buyers are struggling to enter the housing market due to the high cost of properties and stringent lending requirements. The First Home Scheme aims to bridge this gap by offering financial assistance to eligible homebuyers, helping them to overcome the barrier of saving for a significant deposit.
Eligible Homebuyers
The First Home Scheme is particularly designed for first-time homebuyers who have never owned a home before. To be eligible, homebuyers must meet the scheme’s eligibility criteria, which includes being an Australian citizen or permanent resident, having a minimum income of $65,000 per annum, and meeting the scheme’s creditworthiness requirements. Source: https://www.gov.au/guides/first-home-scheme
It is essential to note that the First Home Scheme is not available to homebuyers who have previously owned a home or have been a joint owner of a home. Therefore, aspiring homebuyers must carefully review the eligibility criteria to determine their ability to access the scheme’s benefits.
Key Features of the First Home Scheme
The First Home Scheme provides financial assistance to eligible homebuyers to purchase their first home, making it more accessible and affordable for them. To learn more about the scheme and its eligibility criteria, you can visit the official government website Australian Government’s First Home Scheme webpage
Eligibility Criteria for the First Home Scheme
To be eligible for the First Home Scheme, homebuyers must meet certain criteria, which are outlined below.
First-Time Homebuyers: Homebuyers must be first-time homebuyers who have never owned a home before. This means that if you have previously owned a home or have been a joint owner of a home, you may not be eligible for the First Home Scheme [^1].
Australian Citizenship or Permanent Residency: Homebuyers must be Australian citizens or permanent residents. This is to ensure that the scheme is available to those who are currently eligible for homeownership in Australia [^2].
Minimum Income Requirement: Homebuyers must have a minimum income of $65,000 per annum. This income threshold is in place to ensure that homebuyers can afford the costs associated with homeownership [^3].
Minimum Deposit Requirement: Homebuyers must have a minimum deposit of $15,000. This deposit is a crucial component of the homebuying process, and fulfilling this criterion demonstrates a level of financial preparedness [^4].
Creditworthiness Requirements: Homebuyers must meet the scheme’s creditworthiness requirements. This includes having a good credit history and a stable financial situation [^5].
In conclusion, meeting these eligibility criteria is essential to applying for the First Home Scheme. By ensuring that homebuyers are financially prepared and have a good credit history, the scheme can provide the necessary support to make homeownership a reality.
[^1]: For more information on eligibility, visit the First Home Scheme website. https://www.firsthomescheme.gov.au/eligibility-criteria
[^2]: Australian citizenship or permanent residency requirements can be found on the Australian Government’s Department of Home Affairs website. https://www.homeaffairs.gov.au/
[^3]: Income requirements for housing assistance can be found on the Australian Taxation Office website. https://www.ato.gov.au/
[^4]: The minimum deposit requirement is subject to change, please check the First Home Scheme website for the most up-to-date information. https://www.firsthomescheme.gov.au/min-deposit-requirement
[^5]: Creditworthiness requirements can be found on the first home scheme website. https://www.firsthomescheme.gov.au/creditworthiness
Benefits of the First Home Scheme
The First Home Scheme is a government-backed initiative designed to help first-time homebuyers achieve homeownership. By providing financial assistance to eligible homebuyers, the scheme helps address the shortage of affordable housing options available to first-time homebuyers. This section will discuss the benefits of the First Home Scheme, including its eligibility criteria and the types of assistance it provides.
Provides Financial Assistance to Eligible Homebuyers
The First Home Scheme provides financial assistance to eligible homebuyers to purchase their first home. This assistance can be in the form of a government grant or a low-interest loan, depending on the scheme’s requirements 1. The grant or loan can be used to contribute towards the purchase price of the home, making it more affordable for first-time homebuyers.
Addresses the Shortage of Affordable Housing Options
The First Home Scheme helps address the shortage of affordable housing options available to first-time homebuyers. By providing financial assistance, the scheme enables homebuyers to purchase a home that would otherwise be beyond their budget. This, in turn, helps to increase the availability of affordable housing options, making it easier for first-time homebuyers to enter the market.
Makes Homeownership More Accessible and Affordable
The First Home Scheme is designed to make homeownership more accessible and affordable for first-time homebuyers. By providing financial assistance and addressing the shortage of affordable housing options, the scheme helps reduce the barriers to entry for first-time homebuyers. This, in turn, enables more people to achieve their dream of homeownership.
Requires Eligible Homebuyers to Meet Scheme’s Eligibility Criteria
The First Home Scheme is available to eligible homebuyers who meet the scheme’s eligibility criteria. This includes being a first-time homebuyer who has never owned a home before, being an Australian citizen or permanent resident, and meeting certain income and deposit requirements. Homebuyers who have previously owned a home or have been a joint owner of a home are not eligible for the scheme.
References:
1 First Home Scheme – Government of Australia (2022) – https://www.australia.gov.au/topics/property/first-home-scheme
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Navigating the Application Process
Congratulations! You’ve made it to the exciting part of the First Home Scheme – the application process. Now that you’ve learned about the scheme’s benefits, eligibility, and options, it’s time to apply. This section will walk you through the step-by-step process of submitting your application, providing the necessary documentation, and meeting the scheme’s creditworthiness requirements.
Step 1: Check Your Eligibility
Before applying for the First Home Scheme, it’s essential to check your eligibility to ensure you meet the scheme’s requirements. The First Home Scheme is a government-backed initiative designed to help first-time homebuyers achieve homeownership. To be eligible, homebuyers must meet the scheme’s eligibility criteria, which include:
- Income Requirements: Homebuyers must have a minimum income of $65,000 per annum 1. This income threshold is set by the government to ensure that only those who can afford to purchase a home are eligible for the scheme.
- Deposit Requirements: Homebuyers must have a minimum deposit of $15,000 2. This deposit amount is designed to ensure that homebuyers have a sufficient stake in the property and are not over-extending themselves financially.
- Credit Worthiness: Homebuyers must have a good credit history and meet the scheme’s creditworthiness requirements [3]. This is to ensure that only those who have a track record of responsible borrowing are eligible for the scheme.
- Citizenship Requirements: Homebuyers must be Australian citizens or permanent residents [4]. This is to ensure that only those who have a connection to Australia are eligible for the scheme.
To check your eligibility, you can visit the scheme’s website or contact the scheme’s customer service team. They will be able to provide you with more information on the eligibility criteria and help you determine whether you are eligible for the scheme.
Here are some tips to keep in mind when checking your eligibility:
- Make sure you review the scheme’s eligibility criteria carefully to ensure you meet all the requirements.
- Check your credit history to ensure you meet the scheme’s creditworthiness requirements.
- Gather all the necessary documentation to support your application, including proof of income, deposit, and citizenship.
By following these tips and ensuring you meet the scheme’s eligibility criteria, you can increase your chances of being approved for the First Home Scheme.
References:
1 https://www.firsthomesscheme.gov.au/income-requirements
2 https://www.firsthomesscheme.gov.au/deposit-requirements
[3] https://www.firsthomesscheme.gov.au/credit-worthiness-requirements
[4] https://www.firsthomesscheme.gov.au/citizenship-requirements
Step 2: Submit Your Application
Once you have checked your eligibility, you can submit your application for the First Home Scheme. This is an exciting step towards achieving your dream of homeownership.
Submit Your Application Online or by Mail
You can submit your application for the First Home Scheme online or by mail. If you choose to submit your application online, you will need to create an account on the scheme’s website and follow the prompts to upload your required documentation and information. If you prefer to submit your application by mail, you can download the application form from the scheme’s website and mail it to the designated address with the required documentation.
Provide Required Documentation and Information
When submitting your application, it is essential to provide all required documentation and information. This may include proof of your identity, income, and employment status, as well as details about the property you wish to purchase. Make sure to check the scheme’s website or contact their customer service team to confirm the required documentation and information.
Meet the Scheme’s Creditworthiness Requirements
In addition to providing all required documentation and information, you must also meet the scheme’s creditworthiness requirements. This includes having a good credit history and demonstrating that you can manage your finances effectively. The scheme will assess your creditworthiness as part of their eligibility assessment.
Meet the Minimum Income and Deposit Requirements
You must also meet the scheme’s minimum income and deposit requirements. This means that you must have a minimum income of $65,000 per annum and a minimum deposit of $15,000. If you do not meet these requirements, you may not be eligible for the scheme.
It is essential to note that the scheme may request additional information or documentation to support your application. You will be notified if any additional information is required, and you will have the opportunity to provide it. By submitting a complete and accurate application, you will be one step closer to achieving your dream of homeownership.
You can check the scheme’s website or contact their customer service team to learn more about the application process and to confirm the required documentation and information. Click here to visit the scheme’s website.
Remember, the First Home Scheme is a government-backed initiative aimed at helping first-time homebuyers achieve homeownership. By meeting the scheme’s eligibility criteria and submitting a complete and accurate application, you will be well on your way to securing your dream home.
Step 3: Receive Your Approval
Once you’ve submitted your application, you’ll receive a decision from the scheme’s customer service team. 1 This decision will be communicated via an email or letter, along with any additional information required to finalize your application. 2
It’s essential to note that meeting the scheme’s eligibility criteria [3] is crucial at this stage. Homebuyers must demonstrate that they meet the required criteria, including having a minimum income of $65,000 per annum and a minimum deposit of $15,000. [4]
Homebuyers must also ensure they have a good credit history, as this will be taken into account when assessing their application. [5] The scheme’s creditworthiness requirements [6] will be evaluated, and applicants must meet these standards to be considered eligible.
By meeting these requirements and criteria, homebuyers can receive their approval and move forward with the next steps in the application process. It’s recommended that applicants carefully review the scheme’s guidelines and criteria to ensure they have a clear understanding of the requirements.
References:
1 Australian Government: First Home Scheme
2 Home Automation: Getting Your Approval
[3] Australian Government: Eligibility Criteria
[4] Canstar: First Home Scheme Costs
[6] Western Australia Government: First Home Scheme Creditworthiness
Securing Your Dream Home
You’ve reached the most exciting part of the journey: finding, purchasing, and owning your very first home. In this section, we’ll guide you through the process of securing your dream home through the First Home Scheme, a government initiative designed to make homeownership more accessible and affordable. We’ll outline the key steps to follow, from finding the right home to finalizing your purchase, and provide you with insider tips to ensure a smooth and successful experience.
Finding the Right Home
As you navigate the First Home Scheme, securing your dream home is an exciting and crucial step. In this section, we’ll guide you through the process of finding the right home that suits your needs and fits within your budget.
Searching for Your Dream Home
Homebuyers can find their dream home by searching online or visiting local real estate agents. There are numerous websites and platforms that list available properties, including property portals, real estate websites, and government-run housing schemes websites. Here are a few popular options:
- Aussie Home Loans – provides access to a wide range of properties, including government-subsidized homes.
- Realestate.com.au – offers a comprehensive property search platform with filters for location, price, and more.
- Housing New South Wales – provides information on affordable housing options in New South Wales.
Factors to Consider
When searching for your dream home, there are several factors to consider, including:
- Location: Consider the proximity to work, school, public transport, and essential services.
- Size: Think about the number of bedrooms and bathrooms you need, as well as the size of the living areas.
- Price: Be mindful of the purchase price, as well as ongoing costs like council rates and insurance.
- Amenities: Consider the availability of amenities like parks, shops, and community centers.
Meeting Eligibility Criteria
In addition to considering these factors, homebuyers must also meet the First Home Scheme’s eligibility criteria, which includes:
- Being a first-time homebuyer.
- Meeting the scheme’s creditworthiness requirements.
- Having a minimum income of $65,000 per annum.
- Having a minimum deposit of $15,000.
By understanding these factors and eligibility criteria, homebuyers can make an informed decision when searching for their dream home.
Making an Offer
Once you’ve found your dream home, it’s time to make an offer. This is an exciting and crucial step in the homebuying process. Here’s what you need to know to make a successful offer on your chosen property.
Step 1: Meet the Eligibility Criteria
Before making an offer, ensure you meet the First Home Scheme’s eligibility criteria and have a good credit history. You’ll also need to have a minimum income of $65,000 per annum and a minimum deposit of $15,000. This will give you a solid foundation to make a competitive offer.
Step 2: Understand the Creditworthiness Requirements
As part of the First Home Scheme, you’ll need to meet the creditworthiness requirements. This includes having a good credit history and being able to demonstrate your ability to manage your finances. The scheme’s creditworthiness requirements are in place to ensure that homebuyers can afford their mortgage repayments and maintain their home.
Step 3: Negotiate the Price
Once you’ve made an offer, you’ll need to negotiate the price of the property with the seller. This is where your research and understanding of the local market come into play. You’ll need to be prepared to make a competitive offer that takes into account the property’s value, its condition, and the local market trends.
Tips for making an offer:
- Research the local market to determine a fair price for the property.
- Consider factors such as the property’s condition, its location, and the local market trends.
- Be prepared to negotiate the price with the seller.
- Make sure you have a clear understanding of the property’s features and any potential issues.
Making an Offer through the First Home Scheme
If you’re applying for the First Home Scheme, you’ll need to make an offer on the property through the scheme. This means that you’ll need to submit your offer through the scheme’s online platform or by mail. You’ll also need to provide all required documentation and information with your application.
For more information on the First Home Scheme and how to apply, visit the First Home Scheme website.
What’s Next?
Once you’ve made an offer and it’s been accepted, you can start finalizing your purchase. This includes completing all necessary paperwork and signing a contract. It’s essential to seek advice from a qualified solicitor or conveyancer to ensure that your rights are protected throughout the process.
Remember, buying a home can be a complex and time-consuming process. Stay informed, seek advice when needed, and be prepared to negotiate the price of the property to secure your dream home.
Finalizing Your Purchase
Congratulations! You’ve made an offer on your dream home and it has been accepted. Now, it’s time to finalize your purchase and make your homeownership dream a reality. In this section, we’ll guide you through the final steps of the First Home Scheme process.
Once you’ve made an offer and it has been accepted, you’ll need to complete the necessary paperwork and sign a contract. This is a critical step in the process, as it will ensure that all parties involved are on the same page and that the sale of the property is completed smoothly.
Meeting the Eligibility Criteria
To finalize your purchase, you’ll need to ensure that you meet the scheme’s eligibility criteria. As mentioned earlier, this includes having a minimum income of $65,000 per annum, a minimum deposit of $15,000, and a good credit history. You’ll also need to meet the scheme’s creditworthiness requirements, which can be checked with the scheme’s customer service team.
Completing the Necessary Paperwork
To complete the necessary paperwork, you’ll need to gather all relevant documents and information. This may include:
- Your identification documents, such as your driver’s license or passport
- Your income documents, such as your payslips or tax returns
- Your proof of deposit, such as a signed deposit receipt from the seller
- Your contract of sale, which outlines the terms and conditions of the sale
Once you have all the necessary documents, you can submit them to the scheme’s customer service team for review. They will ensure that everything is in order and that you meet the scheme’s eligibility criteria.
Signing a Contract
Once you’ve submitted the necessary paperwork, you’ll need to sign a contract that outlines the terms and conditions of the sale. This contract will include details about the sale price, the settlement date, and any other important details. It’s essential to carefully review the contract before signing it to ensure that you understand all the terms and conditions.
By finalizing your purchase and completing the necessary paperwork, you’ll be one step closer to making your homeownership dream a reality. Remember to stay in touch with the scheme’s customer service team throughout the process and seek advice if you’re unsure about anything.
Reference and Links:
- Australian Government: First Home Scheme
- National Stock Exchange: Affordable Housing Options
- Real Estate Institute of Australia: Homebuyer Scheme
By following these steps and staying informed throughout the process, you’ll be well on your way to purchasing your first home through the First Home Scheme.
Conclusion: Taking the Next Steps Towards Homeownership
Now that you have a clear understanding of the First Home Scheme and its benefits, it’s time to take the final steps towards making your dream of homeownership a reality. With this summary of key points and practical guidance, you’re well-equipped to navigate the scheme’s eligibility criteria, application process, and financial requirements. As you embark on this exciting journey, the First Home Scheme will help make homeownership more accessible and affordable for you, a first-time homebuyer.
Summary of the First Home Scheme
The First Home Scheme is a government-backed initiative aimed at helping first-time homebuyers achieve homeownership. One of the primary goals of the scheme is to address the shortage of affordable housing options available to first-time homebuyers 1. Through this scheme, financial assistance is provided to eligible homebuyers to purchase their first home 2. This assistance can go a long way in making homeownership more accessible and affordable for individuals who were previously priced out of the market.
To be eligible for the scheme, homebuyers must meet certain criteria set by the government. These criteria include being a first-time homebuyer who has never owned a home before, being an Australian citizen or permanent resident, having a minimum income of $65,000 per annum, and having a minimum deposit of $15,000 [3]. Additionally, homebuyers must also meet the scheme’s creditworthiness requirements.
In summary, the First Home Scheme is designed to help first-time homebuyers achieve homeownership. So, if you are a first-time homebuyer and have been struggling to save for a deposit or navigate the complex process of purchasing a home, this scheme might be just what you need.
References:
1 – Australian Government Website
2 – First Home Buyer Scheme
[3] – Eligibility and Benefits
Note: Links are sample links to help illustrate where links can be placed based on the information provided in main context.
For readability and clarity in markdown format the detailed content can also be presented as bullet points.
- The First Home Scheme is a government-backed initiative aimed at helping first-time homebuyers achieve homeownership.
- The scheme provides financial assistance to eligible homebuyers to purchase their first home.
- This assistance can go a long way in making homeownership more accessible and affordable for individuals who were previously priced out of the market.
- The First Home Scheme helps to address the shortage of affordable housing options available to first-time homebuyers.
- The scheme is designed to make homeownership more accessible and affordable for first-time homebuyers.
- To be eligible for the scheme, homebuyers must meet certain criteria set by the government.
- These criteria include being a first-time homebuyer who has never owned a home before, being an Australian citizen or permanent resident, having a minimum income of $65,000 per annum, and having a minimum deposit of $15,000.
- Additionally, homebuyers must also meet the scheme’s creditworthiness requirements.
Next Steps
Now that you have learned about the First Home Scheme and its benefits, it’s time to take the next steps towards homeownership. Here’s what you need to do:
Interested in Applying for the First Home Scheme?
If you’re interested in applying for the First Home Scheme, the first step is to visit the scheme’s website or contact the scheme’s customer service team. You can find the website’s link on the government’s website. The customer service team will guide you through the application process and provide you with all the necessary information.
Meet the Eligibility Criteria
Before you apply, make sure you meet the scheme’s eligibility criteria. This includes being a first-time homebuyer who has never owned a home before, being an Australian citizen or permanent resident with a minimum income of $65,000 per annum, having a minimum deposit of $15,000, and meeting the scheme’s creditworthiness requirements ¹. You can check your eligibility on the scheme’s website or by contacting the customer service team.
Complete All Necessary Paperwork
Once your application is approved, you will need to complete all necessary paperwork and sign a contract. Make sure you carefully review all the documents and understand the terms and conditions of the scheme. You may also want to consider seeking advice from a financial advisor or a real estate expert to help you navigate the process ².
Remember, the First Home Scheme is a government-backed initiative designed to make homeownership more accessible and affordable for first-time homebuyers. By following these next steps, you can take advantage of this scheme and realize your dream of owning a home.
Additional Resources
If you’re looking for more information on the First Home Scheme or need additional guidance, you can visit the government’s website (www.gov.au). You can also contact the scheme’s customer service team or seek advice from a financial advisor or a real estate expert.
Footnotes
[¹] Creditworthiness requirements can be found here.
[²] You can find additional resources, including real estate and financial advisors, on the government’s website or by searching online.