Buy your first home sooner
Buying a first home can be daunting. From saving for a house deposit, to searching for the perfect property, it can be a significant life event. The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase their first home sooner.
New vs Existing Homes
In the 2020-21 Federal Budget, the Australian Government announced an additional 10,000 First Home Loan Deposit Scheme places for the 2020-21 financial year, specifically for eligible first home buyers building or purchasing new homes. These additional places are known as the First Home Loan Deposit Scheme (New Homes) or FHLDS (New Homes).
If you are buying a new home, you may be eligible for the First Home Loan Deposit Scheme (New Homes). Check your eligibility with NHFIC.
If you are buying an existing home, enquire with our home loan specialists to find out what support is available.