PERTH & MANDURAH 08 9367 4222

08 9367 4222

As a result of the successful first round of the Federal Government’s First Home Loan Deposit Scheme, 10,000 loan guarantees are now available for first home buyers over the next 12 months.

What is the First Home Loan Deposit Scheme?

To refresh your memory, the Scheme is an initiative by the Australian Government in conjunction with the National Housing and Finance Investment Corporation (NHFIC) introduced to help people venture into home ownership sooner with as little as a 5% deposit and not having to pay Lender’s Mortgage Insurance (LMI).

A big perk of the scheme is that it can be used in conjunction with the First Home Super Saver Scheme and the First Home Owners Grant (FHOG).

Am I eligible?

This Scheme is subject to certain limitations, it’s a good idea to speak to your broker now to help you plan and prepare so you have your finances in order and are ready to make your home owner dream a reality.


Learn more about the FHLDS and its key facts including what type of property can be bought and the property price thresholds!

Book an obligation free consult here or give us a call on (08) 9367 4222 with one of our expert brokers to review your finances before the Scheme is capped.