Contact Us

Phone
1300 881 579
03 5831 4544
0421 332 233

Email
simon@gvfinancebrokers.com.au

Address
100 Fryers St Shepparton Vic 3630

Online Enquiry

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First Home Buyers Support at GV Finance Brokers

Unlock home ownership with Australia's First Home Owner Grant (FHOG) and Home Guarantee Scheme. These programs enable buying with just a 5% deposit—no Lenders Mortgage Insurance required.

Key Benefits

  • The Australian 5% Deposit Scheme guarantees up to 15% of your loan, ideal for low deposits and single parents, via schemes like the Family Home Guarantee.

  • Regional perks and stamp duty concessions often apply, varying by state, such as Victoria or NSW.

  • The FHOG offers a one-off payment to help eligible first home buyers who are Australian citizens or permanent residents and haven’t owned property before. It’s designed to support a new build, with eligibility and payment amounts varying by state or territory.

Changes to the scheme

  • No Income Caps: Your income doesn’t restrict your access. Support for more Australians, no matter what you earn
  • Avoid Extra Cost: No Lenders Mortgage Insurance fees, reducing upfront costs. Have more money to put towards the home you want
  • Wide Choice of Home Types: Houses, townhouses, apartments, house/land packages, off-the-plan, or building on vacant land – at or below location price caps. More flexibility to find a home that fits your lifestyle, location and budget
  • Unlimited Spots and No Waiting List: Apply when you’re ready, no queues. Get into your first home sooner.

Are you eligible?

To access the Scheme, you need to meet eligibility criteria, including:

  • Australian citizen or permanent resident, at least 18 years old

  • saved or have a minimum deposit of 5%

  • a first home buyer or have not owned a property or land in Australia in the last 10 years

  • buying a home in Australia priced at or below the location's price cap

  • planning to live in the home as an owner-occupier (no investment properties)

  • applying for an owner-occupier home loan with Principal and Interest repayments from a Participating Lender, up to 30 years (plus up to three years to build a new home)

  • applying on your own or jointly with one other person (partner, friend, or family member).

As your locally based broker, I’ll check your eligibility, help ensure compliance with relevant state requirements, and streamline your application process. Contact GV Finance Brokers today to get started.