MyState bank

About

Forgiving and well positioned for First Home Buyers Government Grants — online only, slows things down sometimes.

Pros:

Like AMP, MyState Bank is forgiving towards clients seeking a second chance. They are well-positioned for first home owner government grants and may offer the best rates for deals with a 5% deposit.

Cons

As a smaller, Tasmanian-based bank, MyState Bank operates online only and may not be the fastest in providing formal approvals.