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MY FIRST HOME SCHEME 2012 FAQ

May 17th, 2011

FREQUENTLY ASKED QUESTIONS: 1. What is Skim Rumah Pertamaku (SRP)/My First Home Scheme? Answer : The scheme is one of the measures announced by the Government in the 2011 Budget aimed at assisting young adults earning RM3000 per month or less to own a home. In  The scheme allows homebuyers to obtain up to 100% financing [...]

Filled Under: 1st Time Home Buyer, Latest Article/News

MY FIRST HOME SCHEME 2012 CRITERIA IN DETAILS

March 9th, 2011

MY FIRST HOME SCHEME 2012   CAGAMAS SRP BHD Joint Venture between Ministry of Finance/Government of Malaysia and the Cagamas Group GUARANTEE COVER Cagamas SRP Bhd will only guarantee 10% on a “first loss” basis LOAN(LTV)/FINANCING AMOUNT *Upon qualification of the scheme, Banks will provide 100% (of SPA/OMV whichever is lower) financing to purchase the [...]

Filled Under: 1st Time Home Buyer, Latest Article/News
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MY FIRST HOME SCHEME

March 8th, 2011

Hi everyone, Under Budget 2011 our government announced many initiatives to help house ownership. These included allocation of RM568 million to build 300 units under the Urban Housing Assistance Scheme and 79,000 units under the People’s Housing Programme. On top of that, an additional allocation of RM50 million has been set aside especially to help [...]

Filled Under: 1st Time Home Buyer, Latest Article/News

100% HOME LOAN FOR FIRST-TIME BUYERS

October 16th, 2010

Budget  2011 Those with income below RM3000 need not make down payment on house. First-time house buyers with a family income less than RM3000 per month can obtain addtional 10% loan under the My First House Scheme (SKIM Rumah Pertamaku). home loan The 10% down payment will be guaranteed by Cagamas Bhd for houses priced [...]

Filled Under: 1st Time Home Buyer, Latest Article/News

Your First Home Loan

June 19th, 2010

Need Your First Home Loan? Buying your first home is exciting and a little scary at the same time. Not only are you faced with the challenge of finding the right property to become your first home, but you also need to know you’re getting the right first home loan. How Much Can I Borrow? [...]

Filled Under: 1st Time Home Buyer, Bank Interest rates