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DHOAS LOANS

How do DHOAS loans work?

Welcome to your guide on DHOAS Loans. DHOAS stands for Defence Home Ownership Assistance Scheme. This special type of home loan is made for members and retirees of the Australian Defence Force. It’s a way to get a low-interest rate loan that can help you save money compared to other loan types.

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What is a DHOAS Loan?

The Australian Government has made DHOAS loans to help current and former Australian Defence Force members and their families buy homes. This special loan comes with a monthly subsidy, which is a kind of help to pay off your loan faster. The more time you’ve served, the higher your monthly subsidy can be. For example, if you’ve served for at least 8 years, you could get up to $1,029 every month. And from 2023, even more people can get this benefit because the rules have changed to make it easier to qualify.

Australian dhoas loan requirements
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Get the most out of your ADF housing entitlements

Maximising your ADF housing entitlements is crucial, and we’re here to provide you with the guidance and education you need. We’ll help you navigate the complexities of the system, ensuring you make the most of the benefits available to you. From understanding eligibility criteria to exploring various options, we’ll be your compass in this journey.

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What types of DHOAS home loans are there?

There are different types of DHOAS home loans to choose from. Some have a variable rate, which means the interest rate can change. Others have a fixed rate for a certain amount of time, like 1 year or 5 years. This means the interest rate stays the same for that time, so you know exactly what your repayments will be​.

DHOAS loan types availability
australian troops experience

What is the eligibility criteria for DHOAS loans?

To get a DHOAS loan, you need to have served on or after 1 July 2008 and completed a certain amount of service time. This is called your qualifying period. The longer you’ve served, the more benefits you can get. There are three tiers or levels of benefits, based on how long you’ve served. And from 1 January 2023, it’s even easier to qualify for these tiers.

What some of our ADF clients had to say

Aaron Abraham
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Open and honest communication the whole time was also really appreciated as it let you know exactly where you were in the whole process. Very highly recommended.
Betty Alacqua
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Thank you to Adam & his team at Defence finance for continuing to provide great customer service. We have been a client for the past 5 years and you have always provided knowledgeable advice regarding our finances.
Gabbie Mantini
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All I can say is thank you, thank you for looking after us, thank you for making things as easy as possible, thank you for looking into to things straight away and getting back to us with the correct information.
Kevin Dunleavy
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Certainly appear to have us a Veterans as their first priority. My experiences with Defence Finance and especially their passionate (about helping Veterans) employee Enza, well, I feel I have incurred a debt I can't repay.
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How does DHOAS compare with other loans?

Under the DHOAS Loan, eligible individuals can access various benefits and subsidies to make home ownership more affordable and accessible. These benefits include:

Available Subsidies

A key feature of the DHOAS Loan is the provision of subsidies, which are calculated based on an individual's length of service and accumulated service credit. These subsidies can be applied towards reducing the interest rate or loan amount, making the loan more affordable.

Flexibility

The DHOAS Loan considers both current and former ADF members. To be eligible, individuals must have served in the ADF within the past five years and have completed a minimum qualifying period. Foreign service may also be considered in certain cases.

Easy Eligibility

To maintain eligibility for the DHOAS Loan, there is an occupancy requirement. Borrowers are required to live in the property for a minimum of 12 months. However, if the borrower receives a posting and is required to move before the 12-month mark, they can still retain the loan.

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Learn more about your entitlements

Are you ready to unlock the full potential of your ADF Defence loan entitlements and make a smart move in the real estate game? Or perhaps you’re looking to hear about your ADF loan entitlements utilising defence loans for you and your family? In this 10 minute call, we’ll discuss your situation and what options you have.

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Learn about your loan entitlements with a Defence Finance professional.