The Australian Government supports eligible home buyers to purchase a home sooner with a low minimum deposit. Find out which scheme is for you.

First Home Guarantee (FHBG)

Australian Mutual Bank is proud to be a Participating Lender in the Australian Government's First Home Guarantee (FHBG), previously known as the First Home Loan Deposit Scheme. The Australian Government supports eligible home buyers to purchase a home sooner, under the FHBG where eligible first home buyers can purchase a modest home with a deposit of as little as 5 per cent.

You can find more information about the FHBG and eligibility criteria on the National Housing Finance and Investment Corporation website.

New Home Guarantee (NHG)

The New Home Guarantee aims to support first home buyers wanting to build or purchase a new home with as little as 5% deposit.

No Scheme place for a New Home Guarantee will be allocated by NHFIC after 30 June 2022. A New Home Guarantee (NHG) place reserved on, or before 30 June 2022, will still be able to progress to settlement, subject to meeting eligibility criteria and NHG requirements and timelines.

Family Home Guarantee (FHG)

The Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous home owner. You can use the Family Home Guarantee to build a new home or buy an existing home with a deposit of as little as 2%.

You can find more information about the FHBG and eligibility criteria on the National Housing Finance and Investment Corporation website. When you’re ready to apply, you can fill out the form below to request a call from a lending specialist who will help you with your application.

Talk to a lending specialist today

Even if you feel that buying a property is still a long way off for you, our friendly staff can talk you through the process and offer you some guidance to ensure you are on the right path. View the Home Buyer's Guide to find out more about the process of buying a home and for some handy hints and tips.

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