First Home Buyers Australia

The journey to homeownership can be challenging for many Australians, especially for first-time buyers. The First Home Guarantee Scheme (FHBG) is a government initiative aimed at simplifying this process by helping eligible buyers secure their first home without the usual 20% deposit hurdle. Partnering with First Home Buyers Australia (FHBA) can provide invaluable guidance to navigate this opportunity effectively. What Is the First Home Guarantee Scheme? The First Home Guarantee Scheme , previously known as the First Home Loan Deposit Scheme, is one of several government home buying schemes designed to support first-time buyers. Under this initiative, eligible participants can purchase a property with as little as a 5% deposit, with the government acting as a guarantor for up to 15% of the loan value. This eliminates the need for costly Lenders Mortgage Insurance (LMI), making homeownership more accessible and affordable. The scheme applies to both new and existing homes, offering flex...