First Home Loan Deposit Scheme and New Home Guarantee
At Great Southern Bank, we’re thrilled to keep helping more first home-buyers step onto the property ladder with our continued involvement in the Australian Government’s first home-buyer schemes:
- First Home Loan Deposit Scheme (FHLDS) and
- New Home Guarantee (NHG)
From 1 July 2021, 10,000 FHLDS scheme places will be released by the Australian Government for the 2021-22 financial year.
An additional 10,000 scheme places will be released by the Australian Government from 1 July 2021 through the NHG to help eligible first home-buyers build or purchase a new home.
With the support of the Australian Government, the FHLDS and NHG provide eligible first home-buyers the opportunity to purchase their first home with a deposit of as little as 5% without having to pay Lenders Mortgage Insurance (LMI).
If you are interested in the 2021-22 release of FHLDS or NHG, please submit the form below to register your interest and a Great Southern Bank Home Loan Specialist will be in touch. Due to the popularity of the FHLDS we have introduced a waitlist for customers wishing to participate in the Scheme. Please register your interest below and we will be in touch regarding Scheme availability.