First Home Guarantee Scheme (FHBG) Explained

The federal government guarantees the difference between your 5% deposit and a 20% deposit, allowing eligible first home buyers to purchase without paying LMI.

Key eligibility

• Income up to $125,000 single or $200,000 combined
• First home buyer (or hasn't owned property in Australia in 10 years)
• Owner-occupier only
• Property within Housing Australia's price cap for the area