Home Guarantee Scheme
The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible first home buyers purchase a home sooner. It is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government.
Under the FHBG, part of an eligible first home buyer’s home loan from a Participating Lender is guaranteed by NHFIC. This enables an eligible home buyer to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance.
From 1 July 2023 – 30 June 2024, 35,000 FHBG places are available to eligible first home buyers. There are also 5,000 places available to Single Parents.
Please click on the image below for a copy of the First Home Guarantee or Family Home Guarantee Information Guide.
If you want to discuss this scheme or any other first home buyer incentive that may be available please call, text or email (details below).