Question Reg FHOG

Hi , hoping someone can clarify this for me.

I am in Vic and eligible for FHOG of 10K. I borrowed 84% of the build price for construction. I had paid 5% as deposit to the builder.
At the base stage, my lender asked me to pay the remaining 11% of share before they release any funds(lender’s remaining share was about 7K).
Since I was using FHOG for my deposit. I applied for the same through the lender. Once approved, lender released the 7K but also added the same to amount as drawdown to my loan account.
Given, it’s my money from FHOG, is the lender correct in adding the same to my borrowed amount?

That sounds a bit weird. As its your money it is above and beyond the loan.

Unless they did a drawdown and then released the money into your account?

What happened to the other $3K in FHOG?

Cheers,

Tom

Thanks. Had to call in a couple of times to get this fixed. The FHOG was approved but sitting in some ghost account, the lender credited to the construction facility finally.

Great to hear it got sorted!

Cheers,

Tom