Support to buy a home
First Home
New Home
Family Home
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The Australian Government supports eligible home buyers to purchase a home sooner.
NHFIC administers these three Schemes on behalf of the Australian Government:
- First Home Loan Deposit Scheme supports you to buy your first home sooner, with a deposit of as little as 5%.
- New Home Guarantee supports you to build or buy a new home, with higher property price caps available in selected areas.
- Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, with a deposit of as little as 2%.
Eligibility criteria apply for each Scheme, please contact a Participating Lender for more information.
How many places are available across the Schemes?
10,000 First Home Loan Deposit Scheme places will be available to eligible first home buyers from 1 July 2021 to 30 June 2022.
The New Home Guarantee has been extended with an additional 10,000 places available from 1 July 2021 to 30 June 2022.
10,000 Family Home Guarantees will be made available over four financial years from 1 July 2021 to 30 June 2025.
Scheme places are still available for 2021-22, please see information about waitlists and our panel lenders in our FAQs.
How much are the property price caps?
Use the postcode search tool to look up the property price caps for your location.
View a summary table of the property price caps for all three Schemes, organised by region.
Which Scheme can I apply for?
View the comparison table for a brief overview of the key differences between the three Schemes.
If you aren’t sure which Scheme could apply to you, answer a few questions and we’ll point you in the right direction.
Read the fact sheets for all three Schemes in our document library.
Participating Lenders
All applications for any of the Schemes to support you to buy a home need to be made directly with one of the Participating Lenders (or their authorised representatives, i.e. a mortgage broker) for that Scheme.
NHFIC does not accept applications directly and we cannot provide personal financial advice.
If you are looking to buy a home (or advising someone who is) we encourage you to consult with a Participating Lender and seek your own independent financial and legal advice on how to structure your loan arrangements in a way that suits your own personal circumstances.
To find out which of our Participating Lenders offer the particular Scheme you are interested in, view the Scheme's webpage:
Major Bank Lenders
Non-major Lenders
Participating Lenders Background
Following a competitive procurement process in 2019, NHFIC appointed 27 lenders to the panel of residential mortgage lenders able to offer guarantees under the initial First Home Loan Deposit Scheme. The National Housing Finance and Investment Corporation (NHFIC) Board, which oversees the administration of the programs, has decided that the existing lender panel will continue for the 2021-22 financial year.
Both National Australia Bank and Commonwealth Bank of Australia have offered program-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 Schemes by not charging eligible customers higher interest rates than equivalent customers outside the Schemes. Please contact your lender for information on their offering.