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If you're looking to purchase a home, the Regional First Home Buyer Guarantee is here to make buying or building it easier.
Get into your home sooner with a smaller deposit.
Save thousands in Lender's Mortgage Insurance costs.
All our customers get access to the same great benefits.
The Regional First Home Buyer Guarantee (RFHBG) is an Australian Government initiative. It allows eligible regional home buyers to buy or build a home in regional Australia with a minimum 5% deposit, without having to pay for Lender's Mortgage Insurance (LMI). To be eligible for the RFHBG, you must purchase a home in the regional area where you have lived for the preceding 12-month period, or an adjacent regional area.
From 1 July 2023, there are 10,000 RFHBG places available per financial year until 30 June 2025.
To apply to the Regional First Home Buyer Guarantee, you'll be subject to certain eligibility criteria as outlined below. You need to provide documentation to prove your eligibility and secure your position.
Eligible property types for the Regional First Home Buyer Guarantee include:
Housing Australia has also developed some tools to help first home buyers determine the property price caps for suburbs they’re looking to purchase a property in, or to find out if it's an eligible location they're planning on purchasing in. All you need to do is enter the postcode for the area you want to buy in to find out more information.
Fact sheets and information guides:
No matter what stage you're at when it comes to buying a home, we're here to help you from application to settlement, as well as answer any questions that come up along the way. If you'd like to get in touch with us, you can call 13 25 77 during business hours or fill out one of the forms below and we'll get back to you.
Are you after more information? One of our experienced home lenders will get in touch with you to answer any questions you may have.Enquire now
Meeting the eligibility criteria does not mean that you will receive either a guarantee or a loan from a participating lender.
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