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Overview
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First Home Buyers Guarantee
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The First Home Buyers Guarantee is an Australian Government initiative to support eligible first home buyers purchase their first home sooner.
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The First Home Buyers Guarantee places will be available to eligible first home buyers from 1 July 2021 to 30 June 2025
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Usually, first home buyers with less than a 20% deposit need to pay lenders mortgage insurance. ​
Under this Scheme, part of an eligible first home buyer’s home loan from a Participating Lender will be guaranteed by NHFIC. This is aimed at enabling you to purchase your first home sooner with as little as a 5% deposit.
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Any guarantee of your home loan is for up to a maximum amount of 15% of the value of your property (as assessed by your lender). This guarantee is not a cash payment or a deposit for your home loan.
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First Home Buyers Guarantee