First Home Loan
Deposit Scheme

Bank of us is proud to have been selected to participate in
the Australian Government's First Home Loan Deposit Scheme

For property value up to 95%

About the scheme

The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative that will support eligible first home buyers by providing a guarantee that will allow those on low and middle incomes to purchase a home with a deposit of as little as 5%.

How to apply?

Applications will open on 1 February 2020. To apply for the scheme, make an appointment with a Bank of us Home Finance Specialist online, over the phone or by popping into your local Retail Store


The National Housing Finance and Investment Corporation (NHFIC) has developed a tool to help first home buyers find out whether they meet the Scheme’s eligibility criteria.

There are several criteria used to determine eligibility under the scheme including the following general eligibility conditions:

  • All applicants must be Australian citizens who are at least 18 years old
  • Applicants must be first home buyers
  • Individuals must have earned less than $125,000 and couples less than $200,000 in the last financial year. Couples must be married or in a de-facto relationship.
  • There are property price caps which vary depending where the property is located. Check the property price threshold using NHFIC's online tool.

Please visit the NHFIC website to find out if you meet the Scheme's full eligibility criteria.

The small, small print:

Bank of us lending criteria, terms and conditions , including fees and charges apply. Full details are available on application.

To find out more about the First Home Loan Deposit Scheme visit the NHFIC website.

#The comparison rates are calculated on the basis of a secured loan of $150,000 over a term of 25 years. WARNING: These comparison rates apply only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers or loan offset accounts, are not included in the comparison rate, but may influence the cost of the loan.