First Home Loan Deposit Scheme (FHLDS)
Supporting First Home Buyers
How to apply
The First Home Loan Deposit Scheme started on 1 January 2020.
You can contact participating lenders for further details.
Lodge your application through participating lenders and their authorised representatives.
NHFIC will not accept applications directly and is not able to 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, NHFIC has appointed 27 lenders on the panel of residential mortgage lenders to offer guarantees under the Scheme.
Both National Australia Bank and Commonwealth Bank of Australia offered guaranteed loans from 1 January 2020.
The 25 non-major lenders will begin offering guaranteed loans from 1 February.
All participating lenders are supporting the Scheme by not charging eligible customers higher interest rates than equivalent customers outside the Scheme.
Major bank lenders (available from 1 January 2020)
Non-major lenders (available from 1 February 2020)
Lenders panel procurement
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.
Please click here for access to the procurement process documents.
