Federal First Home Guarantee

35,000 places total cap per annum

Enables an eligible homebuyer to purchase a home with as little as 5% deposit without paying lender’s mortgage insurance.

The First Home Guarantee scheme operates on a fiscal year calendar. 35,000 places became available on July 1st and will be available for application through till 30 June 2025. The program is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government; the NHFIC guarantees part of an eligible first home buyers’ loan with participating lenders.  

Eligibility criteria key points include you will be an Australian Citizen at the time you enter the loan, at least 18 years of age, as an individual you earn $125,000 or $200,000 as a couple (married or de facto), intending to be owner-occupiers of the property, 5% minimum deposit required and be a first home buyer.