What is the First Home Loan Deposit Scheme?
The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative to help you buy or build your first home sooner. We're proud to continue supporting this initiative.
If you’re eligible you’ll get a limited guarantee from the Australian Government to buy or build your first home with a low deposit of 5%, without paying Lenders Mortgage Insurance (LMI).
There are 10,000 FHLDS places available from July 2021 for the 2021-22 financial year.
An additional 10,000 FHLDS places for new homes are available from 1 July 2021 to 30 June 2022 for eligible first home buyers building or buying new homes.
How to apply
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.
Get in touch:
Enquire online, at your local branch or with your broker and complete your NAB home loan application.
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.
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.
To apply to the Scheme, 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:
Fact sheets and information guides
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.
Book an appointment
Request a call back or book an appointment in branch or with a mobile banker who can come to you.
Monday to Friday, 8:00am to 7:00pm (AEST/AEDT)
Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.