How to apply

All applications for the First Home Loan Deposit Scheme need to be made directly with one of the Scheme’s participating lenders (or their authorised representatives, i.e. a mortgage broker).

NHFIC does not accept applications directly and we cannot provide personal financial advice.

First home buyers (and those advising a first home buyer) are encouraged to consult with a participating lender and seek their own independent financial and legal advice on how to structure their loan arrangements in a way that suits their own personal circumstances.

Participating Lenders

Following a competitive procurement process in 2019, NHFIC appointed 27 lenders to the panel of residential mortgage lenders able to offer guarantees under the Scheme.

Both National Australia Bank and Commonwealth Bank of Australia have offered Scheme-backed loans from 1 January 2020. The 25 non-major lenders have offered guaranteed loans from 1 February 2020.

All participating lenders are supporting the Scheme by not charging eligible customers higher interest rates than equivalent customers outside the Scheme.

FHLDS panel update: 5 May 2021

The National Housing Finance and Investment Corporation (NHFIC) Board, which oversees the administration of the First Home Loan Deposit Scheme (FHLDS), has decided that the existing FHLDS lender panel will continue for the 2021-22 financial year.

Further information concerning the future arrangements for the FHLDS lender panel will be communicated in due course.