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The Home Guarantee Scheme is an Australian Government initiative to support eligible home buyers to purchase a home sooner. Within the Scheme, there are currently three Guarantees:

First Home Guarantee (FHBG)

Supports eligible first home buyers to purchase a home sooner.

Regional First Home Buyer Guarantee (RFHBG)

Supports eligible first home buyers to purchase a home sooner, in a regional area.

Family Home Guarantee (FHG)

Supports eligible single parents and legal guardians of a dependent to purchase 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.

Which Home Guarantee Scheme is right for you?

First Home Buyer Guarantee

  • Places FY 23-24: 35,000
  • Minimum deposit: 5%
  • Eligibility: Eligible home buyer*, single or joint applicants

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

Family Home Guarantee

  • Places FY 23-24:5,000
  • Minimum deposit:2%
  • Eligibility: First home buyer or previous home owner. Single parent or legal guardian of a dependent

*See detailed eligibility 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.

Eligibility tool 

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