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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How to apply
Check your eligibility:
Use the Housing Australia website, opens in new window and the section below to check your eligibility.
Get in touch:
Book an appointment 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 a home after you’re approved in the Scheme, then all you need to do is settle and move in.
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:
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
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