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First Home Loan Deposit Scheme (FHLDS) Supporting first home buyers


The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase a home sooner.

Under the Scheme, part of an eligible first home buyer’s home loan from a participating lender will be guaranteed by NHIFC. This is aimed at enabling first home buyers to purchase a home with a deposit of as little as 5 per cent (lender’s criteria apply).

Scheme places

NHFIC has released 10,000 First Home Loan Deposit Scheme places this financial year. Another 10,000 Scheme places will be available from July 2020.

5,000 Scheme places were made available to the major banks – CBA and NAB – all of which are now currently reserved.

The remaining 5,000 Scheme places for the current financial year are being offered through 25 non-major lenders.  Most of these Scheme places are still available to be reserved by potential first home buyers.

Even though all the Scheme places with the major banks are currently reserved, first home buyers can continue to engage with the major banks as the reserved Scheme places may become available if applicants do not proceed to purchasing a property.

If you have secured a Scheme place with one participating lender, you can still apply with any of the other participating lenders to ensure you can access a competitive loan rate. You will only receive one Scheme place.

To view a list of participating lenders in the First Home Loan Deposit Scheme, click here.

Your application

Before making a reservation, first home buyers should carefully consider whether they will apply as a single or as part of a couple.

Once a reservation is made as a single or as a couple it can only be changed by withdrawing and making a new application. Your ability to secure a Scheme place when doing so will depend on whether a Scheme place is available at that time.

For your application you (and your partner) will need your Notice of Assessment for your taxable income for the previous financial year.


NHFIC has developed a tool to help first home buyers find out whether they meet the Scheme’s eligibility criteria. Click here to view the tool.

Property price thresholds

NHFIC has also developed a tool to help first home buyers find out the property price threshold for the suburb in which they are looking to purchase a property. Click here to view the tool.

The relevant dates and requirements for the different property types are set out here.

How to apply

To view a list of participating lenders in the First Home Loan Deposit Scheme, click here.

Find out more

Click here for a fact sheet on the First Home Loan Deposit Scheme.

Click here to view the frequently asked questions.


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