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Lending

Home Guarantee Scheme.

Buy or build your home sooner. 

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What is the Home Guarantee Scheme?

The Home Guarantee Scheme (HGS) is an Australian Government initiative to help you buy or build your home sooner. We're proud to be supporting this initiative and are here to help you every step of the way.

The Scheme includes three types of Guarantees:

First Home Guarantee
Supports eligible first home buyers or buyers who have not owned a property in the past 10 years to purchase a new or existing home with a deposit as low as 5%.
Regional First Home Buyer Guarantee
Supports eligible applicants living in regional areas to buy their first home in a regional area with a deposit as low as 5%.
Family Home Guarantee
Supports eligible single parents or legal guardians with at least one dependent child to buy their first home or to re-enter the housing market with a deposit of as little as 2%.

Am I eligible for a Home Guarantee?

  • All applicants can be First Home Buyers or must not have owned or had an interest in residential property (whether as an investment or owner occupied) in the past 10 years. Customers applying for the Family Home Guarantee may have owned property in the past, but they must not have an interest in residential property, either as an investor or owner occupier when settling on their new property
  • Individual applicants must have earned less than $125,000 or $200,000 for couples in the last financial year (as evidenced on your ATO Notice of Assessment).
  • All applicants must be at least 18 years of age and have a valid Medicare card (or Defence ID).
  • All applicants must be Australian citizens or Permanent Residents with either a valid Australian passport, proof of Australian citizenship or proof of Permanent Residency.
  • Applicants must have a deposit of between 2% and 20% of the property’s value.
  • Your purchased property must be an acceptable property type and within the property price threshold for the suburb and postcode. You can check the property price cap for your area on the Housing Australia website.

Which Home Guarantee can I apply for?

Use Housing Australia's Eligibility Tool to determine which Guarantee/s you may be eligible for. It's a short questionnaire that takes less than 5 minutes to complete.

Check your eligibility

How to apply.

  1. Check your eligibility. 

    Use the tool above to check which guarantee/s you can apply for. You can also read up on the Scheme and the three Guarantees on offer at Housing Australia's website. 

  2. Get in touch.

    Book an appointment in-person or over-the-phone with a Lending Specialist to confirm eligibility, ask questions, or start the application process. 

    Book appointment 

  3. Submit your application.

    We’ll assess your loan application, by verifying your details supporting documents, such as payslips and bank statements. Your Lending Specialist will support you through the process  

  4. Approval and buy.

    The most exciting stage! If your loan is approved, it’s time to sign your loan documents, buy your first home and finalise the settlement!

Compare Guarantees.

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Regional First Home Buyer Guarantee

We're here to help.

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Prefer to talk to someone?

Our Lending Team are available to chat through any questions you have about the home loan journey.

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