🇦🇺 Home Guarantee Scheme

Buy your first home with just 5% deposit. No LMI.

The Australian Government Home Guarantee Scheme lets eligible buyers get into a home with as little as 2-5% deposit — and skip Lenders Mortgage Insurance entirely. Save tens of thousands.

Check My Eligibility → Call Dhiraj

2-5%Deposit needed

$0LMI to pay

$30K+Potential saving

Am I eligible?

Quick 3-question check. No personal details needed.

1. Have you owned property in Australia before?

No, this would be my first

Yes, I've owned before

2. What's your situation?

Single buyer

Couple buying together

Single parent

3. Are you an Australian citizen or permanent resident?

Yes

LIKELY ELIGIBLE

You may qualify!

Based on your answers, you may be eligible for one of the Home Guarantee Schemes. Let's chat through your specific situation.

Book Your Eligibility Chat →

Government Schemes

3 ways the government helps you into your home.

All three schemes let eligible buyers skip LMI and get in with a smaller deposit. The right one depends on your situation.

First Home Guarantee

For First Home Buyers — incl. Regional

Buy your first home with 5% deposit and no LMI. Regional buyers are now included. No income cap as of 1 October 2025.

5% deposit only
No LMI required
No income cap (from Oct 2025)
Regional buyers included
Property price caps apply

Family Home Guarantee

For Single Parents & Single Legal Guardians

Designed for single parents with dependent children. Buy or re-buy with just 2% deposit and no LMI — even if you've owned before.

Just 2% deposit
No LMI required
Don't need to be a first home buyer
Single legal guardians now included
No income cap (from Oct 2025)

+$10K

Stack with Victorian FHOG

State Grant — Stack on Top

Eligible buyers can combine the Federal scheme with the Victorian First Home Owner Grant — an extra $10,000 for new homes.

$10,000 VIC state grant
Applies to new builds only
For new homes valued ≤$750,000
Stamp duty concessions may also apply
I'll map out everything you're entitled to

How It Works

4 steps to your first home.

Check eligibility

No-cost chat with me to see which scheme fits your situation.

Apply with confidence

Places are currently uncapped — but scheme rules can change. I help you act with the right timing.

Get pre-approval

I prepare your application across 60+ lenders to find the right fit.

Buy your home

House hunting time. Settle in 4–6 weeks. Skip LMI completely.

Important To Know

Things people don't always realise.

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Scheme rules can change

From 1 October 2025, place limits, income caps, and the separate Regional First Home Buyer Guarantee were removed — all merged into a more accessible First Home Guarantee. But scheme rules, caps and eligibility can still change each year. Best to act while current settings are in your favour.

💰

Property price caps apply

Caps vary by state and region. In Melbourne (including Pakenham, Berwick, Officer, Clyde North) the cap is $950,000 as of Oct 2025. Caps vary by area — I'll confirm what applies to you.

✅

Income caps removed (Oct 2025)

As of 1 October 2025, income caps for the First Home Guarantee have been removed — eligibility is no longer based on your income.

🏦

Not all lenders participate

Only a selected panel of lenders offers the scheme. Working with a broker means you get access to the right ones.

FAQ

Home Guarantee Scheme questions.

What exactly is the Home Guarantee Scheme?

The Home Guarantee Scheme is an Australian Government initiative administered by Housing Australia. It guarantees a portion of your home loan so eligible buyers can purchase with as little as 2-5% deposit without paying Lenders Mortgage Insurance (LMI). From 1 October 2025, it includes two main sub-schemes: First Home Guarantee (which now covers regional buyers) and Family Home Guarantee.

How much could I save?

LMI on a $750,000 property with 5% deposit could be $25,000–$30,000+. The scheme waives this entirely. Plus you get into the market years earlier than waiting to save a 20% deposit, often saving you tens of thousands in property price growth.

Am I eligible for the First Home Guarantee?

As of 1 October 2025, eligibility was significantly broadened. You generally qualify if you're an Australian citizen or permanent resident, 18+, have never owned property in Australia, and are buying a property under the price cap for your area. Income caps no longer apply. Regional buyers are also now included under the First Home Guarantee. The quiz above gives you a quick indication — let's chat to confirm.

What are the property price caps?

As of 1 October 2025, price caps were lifted in most areas. Current caps include: Sydney and NSW regional centres $1.5M; Melbourne and Geelong $950K; Brisbane and QLD regional centres $1M; Perth $850K; Adelaide $900K. Pakenham, Officer, Berwick and Clyde North fall under the Melbourne cap of $950K. Caps are set by Housing Australia and can change — I'll confirm the latest before we apply.

How many places are available?

As of 1 October 2025, there are no set place limits for the First Home Guarantee — places are uncapped. Eligibility is now broader too, with income caps removed and regional buyers included. Scheme rules can still change each financial year, so it is worth acting while current settings are in your favour.

Do I still need to qualify for the loan?

Yes. The scheme covers the LMI gap but you still need to meet the lender's normal serviceability requirements — income, employment, credit history, deposit savings. This is where having a broker on your side really helps.

Can I combine this with First Home Owner Grant?

Yes — in most cases you can combine the Home Guarantee Scheme with state-based First Home Owner Grants and stamp duty concessions. Eligibility varies by state. I'll map out everything available to you.

How long does the process take?

Pre-approval typically 3–5 business days. Securing a scheme place is part of the application. Total time from first chat to keys in hand is often 8–12 weeks, depending on how quickly you find a property.