Understanding the Home Guarantee Scheme

The Home Guarantee Scheme (HGS), opens in new window is an Australian Government initiative to help you buy or build your home sooner. We're proud to continue supporting this initiative.

What is the First Home Guarantee?

Under the expanded Home Guarantee Scheme, the Government is now releasing 35,000 First Home Guarantee places each year to support eligible first home buyers or buyers who have not owned a property in the past 10 years to purchase a new or existing home with a deposit as low as 5%. Find out more about the First Home Guarantee.

What is the Family Home Guarantee?

5,000 guarantees will be issued each year until 30 June 2025 to support eligible single parents or legal guardians with at least one dependent child to buy their first home or to re-enter the housing market with a deposit of as little as 2%. Discover more about the benefits of the Family Home Guarantee.

What is the Regional First Home Buyer Guarantee?

10,000 guarantees will be issued each year until 30 June 2025 to support eligible applicants living in regional areas to buy their first home in a regional area with a deposit as low as 5%. Find out more about the Regional First Home Buyer Guarantee.

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First home buyers, upgraders, refinancers, renovators, investors and downsizers – we’ve got a range of loan options and will help you find the home loan that best suits your needs. Our home loan experts will be there every step of the way.

Need advice on which home loan to choose?

We’re here to make home loans simpler and easier with our popular tools, home loan offers and helpful calculators.

How to apply

  1. Check your eligibility:

    Use the Housing Australia 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 a home after you’re approved in the Scheme, then all you need to do is settle and move in.

Eligibility criteria

To apply for 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:

  • All applicants can be First Home Buyers or must not have owned or had an interest in residential property (whether as an investment or owner occupied) in the past 10 years. Customers applying for the Family Home Guarantee may have owned property in the past, but they must not have an interest in residential property, either as an investor or owner occupier when settling on their new property

  • 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).

  • 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 or Permanent Residents with either a valid Australian passport, proof of Australian citizenship or proof of Permanent Residency. 

  • 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 Housing Australia website, opens in new window.

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 loan expert who will help you with your application.

Buying your first home

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

Contact us for home loan related queries

This is how you can get in touch.

Start a conversation with a banker

  1. Log into either NAB Internet Banking or the NAB app.
  2. Tap on the message icon.
  3. Type ‘speak to a person’ in the conversation window.

Call us

Speak to a home loan expert about a new or existing home loan.

Monday to Friday, 8:00am to 7:00pm (AEST/AEDT)
Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)

13 78 79

Book an appointment

Make an appointment to see us at your nearest branch, ask a mobile banker to come to you or ask us to call you back.

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