First home buyers
FHLDS allows you to borrow up to 15% of your required deposit from the government and saves you from having to pay lenders mortgage insurance. First home buyers are also STILL eligible for the $15k first homes grant, and our $15k boost.
Buy with 5% deposit:
First Home Loan Deposit Scheme (FHLDS)
Do You Qualify?
Saving a deposit for your first home can be challenging. That’s why we’re excited about the First Home Loan Deposit Scheme which will help more first home buyers realise their home ownership goals!
The First Home Loan Deposit Scheme is a new initiative from the Australian Government designed to support eligible first home buyers purchase a home sooner. By offering a guarantee of up to 15% of the home loan, eligible first home buyers will be able to purchase a home with as little as 5% deposit.
Combined with the First Home Owners grant of $15,000 and Insignia Homes $15,000 deposit boost we have your deposit covered!
The Scheme is limited to 10,000 home loans for this year, starting from 1 January 2020. Over 3,000 applications have already been submitted in the first 2 weeks!