Buying your first home should be one of life’s most exciting and challenging milestones.
Over the last few years, it has become increasingly difficult for Australians to purchase their first home.
The main stumbling block has been the hefty deposit requirements and the high cost of Lender’s Mortgage Insurance for those borrowing more than 80% of the value of the property concerned.
Fortunately, help is now at hand via the Government’s First Home Guarantee Initiative.
Book Your Free First Home Strategy Session
Learn how to Buy Your First Home with Just 5% Deposit – No LMI, No Waiting List!
If you’ve saved a 5% deposit and are ready to step into the property market, there’s fantastic news that could help you buy your first home sooner and more affordably.
From 1 October 2025, the First Home Guarantee (previously known as the First Home Loan Deposit Scheme) will be significantly expanded — and it’s now more accessible than ever.
As your trusted Melbourne-based mortgage broker and credit adviser, I’ll explain what this means for you and how I can guide you every step of the way.
Book Your Free First Home Strategy Session
✅ What Is the First Home Guarantee?
The First Home Guarantee (FHBG) is a Government-backed initiative that allows eligible First Home Buyers to purchase a home with as little as 5% deposit, without paying Lenders Mortgage Insurance (LMI).
This can save you $10,000–$30,000+ depending on your loan amount.
🚨 What’s Changing from 1 October 2025?
The Government is removing key restrictions to make home ownership more achievable:
- ✅ Unlimited places available – No more yearly caps or waitlists
- ✅ No income caps – Higher income First Home Buyers can now apply
- ✅ Increased property price caps – Adjusted for today’s market, especially helpful in metro areas like Melbourne
- ✅ Regional access simplified – One national First Home Guarantee replacing multiple regional schemes
- ✅ Available through over 30 participating lenders – Including major banks and customer-owned lenders
Book Your Free First Home Strategy Session
🏡 Who’s Eligible?
- You’re an Australian citizen or permanent resident
- You’re a First Home Buyer
- You have at least a 5% deposit saved
- You plan to live in the home as your principal place of residence
💡 Please note: All applications are subject to lender credit approval and meeting Housing Australia’s eligibility criteria.
🤝 How Can Oz Lend Help
With over 20 years of experience in Melbourne’s property and finance markets, we’ll help you:
- ✅ Check your eligibility for the Scheme
- ✅ Assess your borrowing power
- ✅ Compare loan options across 30+ lenders
- ✅ Avoid LMI and maximise your savings
- ✅ Handle the entire process from pre-approval to settlement
- ✅ Provide up-to-date CoreLogic market insights to support your decision
📞 Let’s Get You Pre-Approved
If you’re ready to get started, simply book a free consultation using the link below:
Book Your Free First Home Strategy Session
This is a rare opportunity for you to enter the market with less deposit, save thousands on LMI, and access greater property options, thanks to the increased price caps.
Let Oz Lend help you make your first home dream a reality.
