The First Home Guarantee (FHBG)

The First Home Guarantee (FHBG), also known as the 5% Deposit Scheme, is an Australian Government Initiative to support eligible home buyers. The scheme assist those who:

  • are Australian citizens or permanents residents over 18 years of age,
  • have an annual taxable income up to $125 000 (single applicants) or $200 000 (joint applicants),
  • are applying for a first home OR have not owned a property in the last 10 years,
  • or are a single parents/legal guardian with at least one dependent child,
  • have a minimum 5% deposit

At Homefree Mortgages, we can help navigate the complexities of the scheme and assist in providing expert advice and education regarding the eligibility criteria and paperwork.

Lenders have limited places available, so we urge those interested to reach out to Homefree Mortgages and obtain the most up-to-date information on who has places available and what products and interest rates those banks are offering.

At Homefree Mortgages, one of our primary goals is to help educate our clients on how to obtain a place in the First Home Guarantee Scheme, enabling them to achieve their goal of moving into their own home. We are here to help.

If you are interested and believe you may be eligible, please contact us at Homefree Mortgages so we can discuss the eligibility criteria with you and whether or not you meet these criteria.

At first glance, this process may seem daunting, which is why we are here to guide you through the entire process, from pre-approval and property purchase all the way through to settlement.