Buying a first home can be daunting. From saving for a house deposit to searching for the perfect property, it can be a significant life event.
To support first home buyers with their home purchase, the Australian Government has introduced the First Home Loan Deposit Scheme (Scheme) - a Government-backed initiative to help everyday Australians buy their first home.
NAB is proud to be chosen as the first approved lender by the National Housing Finance and Investment Corporation (NHFIC) to help implement the First Home Loan Deposit Scheme.
Every year, we support more than 15,000 Australians achieve their dream of owning their first home. As the only major bank to have a special rate offer for first home buyers, our selection as an approved lender to the Scheme is another example of our efforts to support first home buyers enter the property market sooner and to potentially save thousands of dollars on their mortgage by avoiding Lenders Mortgage Insurance (LMI).