First Home Loan Deposit Scheme

The First Home Loan Deposit Scheme is a Australian Government initiative to support eligible first home buyers purchase a home sooner.

It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent without needing to pay Lenders Mortgage Insurance.

The Scheme will support up to 10,000 loans each financial year, starting from 1 January 2020. To find out more information click here.