Getting into your new home with deposit schemes as low as 2%.

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It has become even easier to get into your brand-new home with deposits requirements as low as 2%.

Our trusted finance partner, Truevest Finance are proudly supporting the Australian Federal Government’s First Home Loan Deposit Scheme (FHLDS), New Home Guarantee and Family Home Guarantee that will help buyers struggling to meet the 20% deposit requirements by home loan lenders.

Homebuyers with less than a 20% deposit usually need to pay lenders mortgage insurance (LMI).

Eligible purchasers planning to build a brand-new home or buy an established home will only need to save a deposit as little as a 5% for FHLDS and as little as 2% with the New Home Guarantee or the Family Home Guarantee without having to pay LMI. Using these government deposit schemes, eligible home buyers can save up to $19,235 in lenders mortgage insurance*.

First home loan deposit scheme (FHLDS)

The FHLDS initiative has been created to support eligible first home buyers to purchase their first home sooner. The Australian government has made 10,000 FHLDS available to eligible first home buyers from 1 July 2021 to 30 June 2022. Under this scheme, part of the first home buyer’s home loan from a Participating Lender will be guaranteed by the National Housing Finance and Investment Corporation (NHFIC). The objective is to enable eligible people to purchase their first home sooner with as little as a 5% deposit.

Learn more about eligibility criteria.

New Home Guarantee

The New Home Guarantee initiative was created to support eligible first home buyers to build or buy a new home and differs to the FHLDS by the higher property price caps available in selected areas.

The New Home Guarantee has been extended with the release of an additional 10,000 places made available from 1 July 2021 to 30 June 2022.

Learn more about eligibility criteria.

Family Home Guarantee

The Family Home Guarantee was put together to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous home owner.

10,000 Family Home Guarantees will be made available over four financial years from 1 July 2021 to 30 June 2025.

Learn more about eligibility criteria.


Truevest Finance are here to assist you through the entire finance process from choosing the right finance to the Government Grant eligibility and application. Speak to the team today!

*Eligibility criteria applies for each of the schemes. Explore all details here.


Credit Representative 494073 us authorised under Australian Credit Licence 389328. This communication provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.

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