Buy your own home with a low deposit and no Lenders Mortgage Insurance (LMI).

Buying a home is a big financial commitment. Most lenders require a deposit of at least 20%, or Lenders Mortgage Insurance (LMI) applies, making saving for a deposit a real barrier to home ownership.

How could you get into your own home sooner?

With the Australian Government initiated Home Guarantee Scheme, you could fast-track your home ownership dreams with one of three guarantee options.

Competitive rate

Benefit from interest rates normally reserved for deposits of 20% or more.

Low deposit

Shave years off the usual time it would take to save a deposit.

No LMI

No Lenders Mortgage Insurance means you could save thousands.

Am I eligible for a government guarantee?

You’ll need to meet at least the following criteria to be eligible for a guarantee under the Home Guarantee Scheme:

• Australian citizen(s) or permanent resident(s) over the age of 18
• Applying for an owner occupier home loan with principal and interest repayments
• Taxable income of no more than $125k (single applicants) or $200k (joint applicants) based on prior financial year Notice of Assessment
• First home buyer or previous home buyer who hasn’t owned a home in the past 10 years (First Home Guarantee or Regional First Home Buyer Guarantee) or single parents or single legal guardians with at least one dependent child who don’t currently own a home (Family Home Guarantee)
• Minimum 5% deposit (First Home Guarantee or Regional First Home Buyer Guarantee), or minimum 2% deposit (Family Home Guarantee)

How to apply under the scheme –

1. Start a conversation

Book an appointment and tell us about you. We’ll see how much you could borrow, letting you know before the credit check.

2. Loan approval

A Mortgage specialist will walk you through the entire process, from which guarantee under the scheme might best suit your situation to the home loan that best fits your needs now and into the future.

You’ll need to purchase your home within 90 days of approval on the Home Guarantee Scheme.

3. On to settlement

Your lender will finalize your loan through to settlement. Accept our loan offer, and that’s it.