Buying your first home is a significant milestone, but saving for a substantial deposit can be a hurdle. The First Home Buyer Guarantee Scheme (FHBG) aims to bridge this gap, allowing eligible buyers to purchase their first home with as little as a 5% deposit without needing Lenders Mortgage Insurance (LMI). This initiative is part of the broader first home government schemes designed to make homeownership more accessible.

What Is the First Home Buyer Guarantee Scheme?

The home guarantee scheme enables the government to act as a guarantor for a portion of your home loan. This reduces the upfront financial pressure, helping you achieve your dream of owning a home sooner.

Eligibility Criteria

To qualify for the first home buyer guarantee scheme, applicants must:

1. Be first-time buyers.

2. Meet specific income thresholds.

3. Purchase a property within the scheme price caps.

Benefits of the FHBG

1. Low Deposit Requirement: Buy your first home with just a 5% deposit.

2. Save on LMI: Avoid the added cost of Lenders' Mortgage Insurance.

3. Faster Access to the Market: Enter the property market sooner.

Why Choose FHBA?

First Home Buyers Australia (FHBA) simplifies the process, ensuring you make the most of available government home buying schemes. Their expert team offers:

1. Step-by-step guidance through the FHBG application.

2. Access to trusted lenders participating in the scheme.

3. Personalized advice tailored to your financial situation.

Start Your Homeownership Journey

The First Home Guarantee Scheme is a valuable opportunity for aspiring homeowners. FHBA is committed to helping you navigate this process seamlessly, ensuring you maximize the benefits of this program.

Take the first step toward owning your dream home today. Call FHBA today at 180034228 or visit us to learn more about the First Home Buyer Guarantee Scheme and other government home buying schemes.