First Home

NHFIC encourages first home buyers (and those advising a first home buyer) to consult with a Participating Lender, as well as seek their own independent financial and legal advice on how to structure their loan arrangements in a way that suits their own personal circumstances.

Scheme places are still available for 2021-22,  read more about waitlists and our panel lenders in our FAQs.

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, assess, approve or maintain waitlists for any Scheme place applications.

Once your tax return has been processed, the Australian Taxation Office (ATO) sends a statement called the Notice of Assessment to your myGov Inbox.

For Scheme reservations made from 1 July 2021 to 30 June 2022, the relevant Notice of Assessment is the 2020-2021 financial year.

Participating Lenders will need to sight your Notice of Assessment for the 2020-2021 financial year in order to issue a scheme place pre-approval.

We encourage you to speak to your Participating Lender to understand the risk of signing a Contract of Sale prior to obtaining the latest Notice of Assessment.

For more information about Tax Time 2021, please contact the Australian Taxation Office.

• Australian Military Bank
• Australian Mutual Bank
• Auswide Bank
• Bank Australia
• Bank First
• Bank of Heritage Isle
• Bank of Us
• bcu
• Bendigo Bank
• Beyond Bank Australia
• Border Bank
• Commonwealth Bank
• Community First Credit Union
• Defence Bank
• Firefighters Mutual Bank
• G&C Mutual Bank
• Gateway Bank
• Great Southern Bank
• Health Professionals Bank
• Indigenous Business Australia
• Mortgageport
• MyStateBank
• NAB
• P&N Bank
• People's Choice
• Police Bank
• QBANK | First Home Buyers
• Queensland Country Bank
• Regional Australia Bank
• Teachers Mutual Bank
• The Mutual Bank
• UniBank
• WAW

If you aren’t sure which Scheme could apply to you, answer a few questions and we’ll point you in the right direction.

For a successful application, key criteria include:

• applying as an individual or couple (married / de facto)
• being Australian citizen(s) at the time you enter the loan
• being at least 18 years of age
• earning up to $125,000 for individuals or $200,000 for couples
• you must intend to be owner-occupiers of the purchased property
• you must be first home buyers who have not previously owned, or had an interest in, a property in Australia

Contact a Participating Lender for a full list of criteria, or if you have any questions about your home loan application.

NHFIC cannot provide personal financial advice and we encourage applicants to seek their own independent financial and legal advice for their own personal circumstances.

You need to have between 5% and 20% of the value of an eligible property saved as a deposit. View the relevant property price caps for your location.

While the minimum deposit required by this Scheme is 5%, Participating Lenders may require a higher percentage deposit based on your financial circumstances. Speak with your lender to find out whether the deposit you have is made up of genuine savings for the purposes of their lending criteria and this Scheme.

You should also confirm with your lender whether any cash grants under other Australian Government, State or Territory schemes or programs you may receive can be considered as part of your genuine savings.

Contact a Participating Lender to check your personal circumstances.

SEARCH OUR FREQUENTLY ASKED QUESTIONS DATABASE FOR GENERAL INFORMATION ABOUT ANY OF THE SCHEMES.