First Home Guarantee (FHG)
5% deposit, no LMI, government guarantee. For eligible first-home buyers.
What is FHG?
The First Home Guarantee (FHG) is a federal scheme that lets eligible first-home buyers purchase with a 5% deposit and no LMI — the government guarantees the remaining 15%. Previously capped at 35,000 places per year; check current allocation.
Why it matters for you
Saves $15K–$30K in LMI for eligible applicants. Income caps apply: $125K for singles, $200K for couples in 2026. Price caps vary by state/region. Most major lenders participate.