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First Home Loan
Deposit Scheme

One of the biggest hurdles to owning your own home is saving for a deposit. Bank of us is pleased to be a Participating Lender for the Australian Government's First Home Loan Deposit Scheme, the New Home Guarantee and the Family Home Guarantee - supporting eligible home buyers to purchase a home sooner.

There are limited spots available*


First Home Loan Deposit Scheme

The First Home Loan Deposit Scheme (FHLDS) 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%.

Family Home Guarantee

For single parents wanting to purchase a new or existing home with as little as 2% deposit

New Home Guarantee

For first home buyers wanting to build or buy a newly built home with as little as 5% deposit

More Information

Schemes Comparison Table

View the table for a brief overview of the differences between the three Schemes.

Frequently Asked Questions

Search the NHFIC FAQs database for general information about the Schemes.

How to apply

To apply for any of the three Schemes, make an appointment with a Bank of us Home Finance Specialist online, over the phone or by popping into your local Store.

The small, small print:

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

*Scheme availability:

- 10,000 First Home Loan Deposit Scheme places will be available to eligible first home buyers from 1 July 2021 to 30 June 2022.

- The New Home Guarantee has been extended with an additional 10,000 places available from 1 July 2021 to 30 June 2022.

- 10,000 Family Home Guarantees will be made available over four financial years from 1 July 2021 to 30 June 2025.

To find out more about the First Home Loan Deposit Scheme, New Home Guarantee or the Family Home Guarantee visit the NHFIC website.