Are you a first home buyer?

The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme (HGS), a program from the Australian Government designed to help people buy homes sooner. FHBG makes it easier to get a home loan by guaranteeing part of it through participating lenders. With this support, eligible buyers can secure a home with just a 5% deposit and skip the extra cost of Lenders Mortgage Insurance (LMI). This makes the dream of owning a home more accessible and affordable.

In New South Wales (NSW), there are additional offers to help first-time home buyers. The First Home Owner Grant (FHOG) provides a one-time payment to eligible buyers purchasing a new home. Additionally, the First Home Buyer Assistance Scheme (FHBAS) offers exemptions or reductions on stamp duty, making the overall cost of buying a home lower. These programs work alongside the FHBG to provide more opportunities for eligible first home buyers in NSW.