An additional 10,000 first-home buyers will become eligible for the First Home Loan Deposit Scheme.
Eligible first-home buyers can purchase a home with a deposit with as little as 5% (normally those with less than a 20% deposit need to pay lenders mortgage insurance).
This is because The National Housing Finance and Investment Corporation guarantees to a participating lender up to 15% of the value of the property purchased that is financed by the buyer’s home loan.
Potential first-home buyers can check their eligibility through the National Housing Finance and Investment Corporation and apply for one of the 10,000 scheme places through a panel of participating lenders.
Helping an additional 10,000 first home buyers.Read more
National Housing Finance and Investment Corporation
First Home Loan Deposit Scheme (FHLDS).Read more
Use the Eligibility Tool to find out whether you meet the Scheme’s eligibility criteria.Read more
Major Bank LendersRead more