The maximum amount of a Defence Service Homes loan is $25 000, but the actual amount you can obtain from Westpac depends on various factors including:
the value of the home;
the amount of your deposit;
your ability to meet your repayments and your other commitments; and
the level of security offered.
If you want to borrow more than $25 000, you can apply for a loan through Westpac, on the same terms and conditions as other Westpac loan applicants, but without the need for separate mortgage documentation. Information on the amount you can borrow, the monthly repayments and application fees is available from Westpac.
Alternatively, you could borrow the extra amount from a lender of your choice and take out a second mortgage.
Two or more eligible applicants can pool their entitlements on the same property. Similarly, a person who has completed eligible service and who is also a widow or widower of an eligible person can pool entitlements. Separate applications must be made for each entitlement.
NOTE: if you are not or will not be the registered proprietor of the property (for example, a retirement village unit or granny flat) please note information about also applying for a Certificate of Assignment in addition to a Certificate of Entitlement.
Click here to go to the Assignment Information page.
Obtain an Application for a Certificate of Entitlement for a Defence Service Homes Subsided Loan.
Obtain an Application for Certificate of Assignment for a Defence Service Homes Subsidised Loan.
Our Guide to First/Further Loans will assist you in completing the application form.
For more information:
Contact the Defence Service Homes centre on freecall 1800 72 2000, or
Click on this quick link to read DVA Fact Sheet HAC01, or
Click on this link for a printable PDF version of DVA Fact Sheet HAC01, or
Go to the main DVA Fact Sheet page.
