First Home Buyer Guarantee (FHBG)

Part of the Federal Government’s Home Guarantee Scheme (HGS)
The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible home buyers to buy a home sooner. It is run by Housing Australia.

Federal Government Home Guarantee Schemes


Supporting eligible first home buyers, as indviduals or joint applicants to buy their first home sooner with as little as 5%


Assisting single parents or legal guardians of at least one child to purchase their first home with a deposit as little as 2%


Helping first home buyers located in the regional areas of Australia to buy a home sooner, with as little as 5% in savings or gifted funds

Key Advantages of the FHBG


Your loan is guaranteed by Housing Australia, from any where between 5% to 20%

Minimum deposit

You can buy with 5% if your income meets the requirements or as little as 2% if you are buying as a single parent

Avoid LMI

Save thousands of dollars in Lenders Mortgage Insurance costs, which protects the lender.

FHBG Lenders

We can help you find the best lender for your situation

Eligibility Criteria

The minimum deposit required for the FHBG is 5%, however you can use up to 20% without any Lenders Mortgage Insurance (LMI), helping you reduce your repayments.

There is also support available for single parents, where you only need 2% of the purchase price to be eligible. 

You are eligible if:

If you are looking to buy as a single parent or legal guardian, you will be eligible to apply as long as you are not earning more than $125,000 per year.

You can purchase the following property types:

The Home Guarantee Scheme is income assessed. We will need your Notice of Assessments from the ATO for the last completed financial year.

For aspiring first home buyers looking to take advantage of the FHBG scheme, if you are an individual you can’t be earning more than $125,000 and $200,000 for multiple applicants. For the current financial year the income assessed will be the 2022/23 ATO Notice of Assessment

For single parents looking to take advantage of the 2% deposit scheme, your income must not exceed $125,000 in the 2022/23 ATO Notice of Assessment.

You can apply right here. We have access to the participating lenders, both big 4 banks and the smaller lenders. Simply book a call with a FHBA Coach to find out more.

Are you ready now?

From 1 July 2023 – 30 June 2024, there are only 35,000 FHBG places are available. There are only 5,000 FHG places available for single parents.

Get started now

Are you interested in one of the loans mentioned above? Or would you like more information on the home loans that are available to you? Simply complete the form below and a first home buyer expert (Broker/Coach) will be in touch with you: