First Home Loan Deposit Scheme

First Home Loan Deposit Scheme

The federal government’s First Home Loan Deposit Scheme will guarantee mortgages for first home buyers who have only saved a 5% deposit, effectively helping them buy sooner without paying lenders mortgage insurance premiums.

Here’s how first home loan deposit scheme works: 

If you do not have 5%, or you miss out; with AffordAssist you may purchase with savings of as little as $10,000  

This calculator compares AffordAssist against other; 5%, 10% and 20% deposit options, showing potential savings and potential future wealth by entering the market sooner.   


AffordAssist is an affordable housing program specifically designed to meet the needs of first-home buyers. It is a corporate solution offered alongside government initiatives with a single purpose to increase first-home ownership in Australia.

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