What is the First Home Loan Deposit Scheme?

The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase a home sooner. This is aimed at enabling first home buyers to purchase a home with a deposit of as little as 5 per cent (specific lender criteria applies). 10,000 First Home Loan Deposit Scheme's have been released this financial year with another 10,000 Scheme's to be available from July 2020.

How to Apply

With a Fountain Finance broker by your side, you will save time and fast-track your application process by understanding the requirements quicker. Before applying, first home buyers should carefully consider whether they will apply as a single or as part of a couple.

Property price thresholds

The National Housing Finance and Investment Corporation has also developed a tool to help first home buyers find out the property price threshold for the suburb in which they are looking to purchase a property. For more information, get in touch via 0418 700 751 or john.sandona@finsure.com.au.