Buy your first home sooner

The First Home Guarantee is an Australian Government Guarantee that helps first home buyers buy a home sooner.

You can use the First Home Guarantee to purchase your first new or existing home with a deposit of as little as 5%. You can’t use the First Home Guarantee to buy an investment property. 

Eligibility criteria

To apply for the First Home Guarantee, you'll be subject to the following eligibility criteria. You need to be able to provide documentation of your eligibility to secure your position. 

Eligibility criteria includes: 

  • All applicants must be First Home Buyers and must not have owned or had an interest in residential property (whether as an investment or owner occupied). 

  •  Individual applicants must have earned less than $125,000 or $200,000 for couples in the last financial year (as evidenced on your ATO Notice of Assessment). 

  •  Couples must be married or in a de facto relationship. Other persons buying together, including friends, siblings or a parent/child are not eligible. 

  •  All applicants must be at least 18 years of age and have a valid Medicare card (or Defence ID). 

  •  All applicants must be Australian citizens with either a valid Australian passport or proof of Australian citizenship. Permanent residents are not eligible.

  •  Applicants must have a deposit of between 5% and 20% of the property’s value.

  •  Your purchased property must be an acceptable property type and within the property price threshold for the suburb and postcode. You can check the property price cap for your area on NHFIC’s website, opens in new window

Fact sheets and information guides

How to apply

There are four simple steps to apply for the First Home Guarantee

  1. Check your eligibility: Use the National Housing Finance and Investment Corporation (NHFIC) website, opens in new window and the section below to check your eligibility.

  2. Get in touch: Book an appointment online, at your local branch or with your broker and complete your NAB home loan application.

  3. Submit your application: Get conditional approval from your banker or broker. They’ll then collect the documents required for eligibility and reserve your place in the Scheme.

  4. Buy your first home: You’ll have 90 days to purchase your first home after you’re approved in the Scheme, then all you need to do is settle and move in.

Ready to get started?

When you’re ready to apply, you can book an appointment online or request a call from a NAB home lending specialist who will help you with your application.

Buying your first home

Here are some helpful articles to get you on your way.

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