Applications can only be made with a Participating Lender or their authorised representative (a mortgage broker). NHFIC does not accept applications for the HGS or provide personal financial advice.
Home buyers (and those advising them) should consider consulting with a Participating Lender, and seeking independent financial and legal advice about whether a particular home loan or property, and the terms of the HGS suit personal circumstances and objectives.
Before entering into a home loan agreement, home buyers should consider talking with their lender (or broker) about the potential implications of changing interest rates or house prices on individual circumstances.
NHFIC has authorised a panel of 32 Participating Lenders to offer the HGS to home buyers.
Home buyers applying for the FHG need to have between 2% and 20% of the value of an eligible property saved as a deposit. The minimum deposit required for the FHG is 2%, but Participating Lenders may require a higher percentage deposit based on individual financial circumstances.
Home buyers should speak with a Participating Lender to find out whether a deposit is made up of genuine savings for the purposes of their lending criteria and the FHG.
Home buyers should confirm with their Participating Lender whether any cash grants received under other Australian Government, State or Territory schemes or programs can be considered as part of their genuine savings.
Contact a Participating Lender for more information and to discuss individual circumstances.
The HGS includes an income test, which is assessed by lenders using a Notice of Assessment (NOA).
For HGS reservations made from 1 July 2022 to 30 June 2023, the relevant Notice of Assessment is the 2021-2022 financial year. NHFIC advises applicants to speak to their Participating Lender to understand the risk of signing a Contract of Sale prior to obtaining the latest Notice of Assessment.
Contact the ATO for more information about Tax Time 2022.
Learn more about the FHG
Read the information guide for more details about the FHG
Tools and resources to assist home buyers
Find the answers to common questions