Are you a First Home Buyers? Need help to navigate the process of eligibility of the First Home Guarantee, Family Home Guarantee, or Regional Home Guarantee.

We can assist you, with the guaranteed schemes. When purchasing your first home, don’t be overwhelmed by the experience. The process can be seamless and enjoyable when you tackle it in stages. From deciding to purchase, to finding the right loan, saving a deposit, finding and securing the perfect home. 

We work with you to achieve your goals of purchasing your first home, you are not alone when you work with a finance broker at Mortgage Pass, we can guide you through the process. 

Purchasing your first home will set you up for your future. The different Government Guarantees Schemes that are on offer may help you become a homeowner sooner are endless.

You may also be eligible for a first home buyer grant or other incentives such as stamp duty or land tax reductions. With the help of a guarantor, a loan can be secured with a small deposit, from as little as two%. 

revenue.nsw.gov.au/…-home-buyer/new-homes

First Home Guarantee (FHBG)

Family Home Guarantee (FHG)

Regional First Home Buyer Guarantee (RFHBG)

New Home Guarantee

Which home loans are eligible for the New Home Guarantee?

Eligible Loans Not all home loans are eligible for the New Home Guarantee.

The New Home Guarantee is restricted to ‘Eligible Loans’, which are home loans:

• made by Participating Lenders to singles or couples who are eligible first home buyers, and
• that are for the purchase of or to build an Eligible Property that is to be occupied by you as the owner.

The New Home Guarantee permits certain categories of home loan products to be offered to take the benefit of a New Home Guarantee.

These general categories relate to home loans for:

• the purchase of a New Home which is a newly constructed dwelling
• the purchase of land and the building of a New Home under: – a house and land package– a land and separate contract to build a home, and

• an ‘off-the-plan’ purchase

http://New Home Guarantee | The National Housing Finance & Investment Corporation (NHFIC)

Family Home Guarantee

Supporting eligible single parents with at least one dependent child to purchase a home sooner.

Guarantee overview:

2% minimum deposit

New and existing homes

Single parents with at least one dependent

Maximum purchasing cap

5000 places: Number of places FY2022-23

32 participating lenders.

http://Family Home Guarantee | The National Housing Finance & Investment Corporation (NHFIC)

Regional First Home Buyer Guarantee

Supporting eligible regional first home buyers to purchase a home in a regional area.

Guarantee Overview RFHBG

5% deposit

New and existing homes

10,000 places FY2022-2023

Single and couple applicants

Must be first home buyer.

32 participating Lenders

A regional area is defined as: 

• the Statistical Area Level 4 (ASGS SA4 2016) areas in a State or the Northern Territory that are not a capital city of that State or Territory; and 
• Norfolk Island; or the Territories of Jervis Bay, Christmas Island or Cocos (Keeling) Islands; as defined in the version published by The Australian Bureau of Statistics (ABS) in July 2016. 

The greater capital city areas of each state and the Northern Territory; and the entire Australian Capital Territory are excluded from the RFHBG. Home buyers in these areas may be eligible for the First Home Guarantee or Family Home Guarantee.

http://Regional First Home Buyer Guarantee | The National Housing Finance & Investment Corporation (NHFIC)

Participating lenders, we can assist you with most of the lenders on the panel. Major and non-major lenders.

Participating Lenders | The National Housing Finance & Investment Corporation (NHFIC) 

We have relationships with our lenders, making the process even easier for you to reach your goal sooner. No matter your situation and circumstances, we can help you in the right directions. We offer a free face-to face or phone consultation. Please use the link below to contact us.

https://mortgagepass.com.au/#contact