Home loans
If you're buying a home, investing or refinancing, we've got flexible home loans in Perth and wider WA to suit your needs. Discover our range today!
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Home Guarantee Scheme
The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to purchase a home sooner.
Within the Scheme, there are currently three Guarantees:
Regional First Home Buyer Guarantee
(RFHBG)
Supports eligible buyers to buy a home sooner, in a regional area.
Family Home Guarantee
(FHG)
Supports eligible single parents and legal guardians of a dependent to buy a home sooner.
How the Home Guarantee Scheme works
Under the Home Guarantee Scheme, part of an eligible home buyer’s home loan is guaranteed by Housing Australia on behalf of the Australian Government. This enables an eligible home buyer to purchase a home with a deposit between 2 - 5% (depending on the Guarantee) without paying Lender's Mortgage Insurance.
The Guarantee is not a cash payment or a deposit for a home loan.
Eligibility criteria have been expanded, effective 1 July 2023. Visit the detailed information to learn more.
| First Home Buyer Guarantee |
| Places FY 23-24: 35,000 |
| Minimum deposit: 5% |
| Eligibility: Eligible home buyer*, single or joint applicants |
| Detailed information |
| Regional First Home Buyer Guarantee |
| Places FY 23-24: 10,000 |
| Minimum deposit: 5% |
| Eligibility: Eligible home buyer*, single or joint applicants in a regional area |
| Detailed information |
| Family Home Guarantee |
| Places FY 22-23: 5,000 |
| Minimum deposit: 2% |
| Eligibility: First home buyer or previous home owner. Single parent or legal guardian of a dependent |
| Detailed information |
*See detailed eligibilty criteria.
Home Guarantee Scheme eligibility
Home buyers must meet certain eligibility criteria for each of the above Guarantees, and the criteria differs slightly for each one.
Housing Australia have created an eligibility tool, which is a short questionnaire to help home buyers identify which Guarantee/s they may be eligible for.
How to apply
To apply for the First Home Guarantee, Regional First Home Buyer Guarantee, or Family Home Guarantee, get in touch with a us and speak with a Home Lending Specialist who can help you through the process.