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.
The Scheme will support up to 10,000 loans each financial year, starting from 1 January 2020.
NHFIC has developed a tool to help first home buyers find out whether they meet the Scheme’s eligibility criteria. Click here to view the tool.
NHFIC has also developed a tool to help first home buyers find out the property price threshold for the suburb in which they are looking to purchase a property. Click here to view the tool.
To view a list of participating lenders in the First Home Loan Deposit Scheme, click here.