First Home Loan Deposit Scheme

Lenders panel procurement

First Home Loan Deposit Scheme 

In May 2019 the Australian Government announced the First Home Loan Deposit Scheme (the Scheme) to support eligible first home buyers purchase a home faster. 

Procurement process for lenders

In October 2019, NHFIC commenced a procurement process to establish an initial panel of lenders to participate in the Scheme. NHFIC invited residential mortgage lenders to respond to a Request for Proposal (RFP), against which respondents were assessed for participation in the Scheme.

Respondents were evaluated for participation in the Scheme against a range of criteria, which have been informed by consultations undertaken with a broad range of financial institutions, brokers and peak bodies. Consistent with the draft Investment Mandate in relation to the Scheme, these criteria include, but are not limited to, aspects of customer care, the competitiveness of loan products and regional reach.

NHFIC intends to periodically provide opportunities for lenders to apply to join the panel.

The RFP documentation is available for download below:

Responses to the RFP are now closed. NHFIC thanks all those who responded to the RFP.

Answers to RFP questions

Clarifications in relation to the RFP will be published here on a non-attributable basis.

FHLDS - Q&A - Major Bank & Non-Major Bank Lender Industry Briefing and Clarifications [PDF 344KB]

Can Respondents make changes to the Respondent's Deed?


It is a mandatory requirement for Respondents to include a completed and signed Respondent's Deed with their Submission (paragraph 9.3.1). An addendum to the RFP, including a revised Respondent's Deed, has been uploaded to the NHFIC website. The deed has been amended to:

  • make it clear that the Respondents must include a completed and signed Deed that is substantially in the form of the revised Deed provided. NHFIC will not accept substantial changes to the terms of the revised Deed.
  • recognise that NHFIC will need to work closely with preferred Respondents in relation to their Offer before they implement the Scheme.