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Realise your dream of home ownership

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First Home Guarantee

Reliance Bank is an approved lender under the Australian Government's First Home Guarantee helping eligible home buyers realise their dream of home ownership. You can start with just a 5% DEPOSIT and avoid thousands of dollars in lenders mortgage insurance costs.

If you currently live in a regional area, you may be eligible for the Regional First Home Buyer Guarantee.

What is the First Home Guarantee?

The First Home Guarantee (FHBG) is an Australian Government initiative to help you as an eligibile home buyer enter the housing market sooner. It is administered by Housing Australia under the Home Guarantee Scheme (Scheme) on behalf of the Australian Government.

Usually as a home buyer with less than a 20 per cent deposit, you need to pay lenders mortgage insurance. Often, this could amount to thousands of dollars. Under the First Home Guarantee, you can purchase a home with a deposit of as little as 5 per cent without the big cost of lenders mortgage insurance. This is because Housing Australia guarantees to a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible home buyer’s home loan.

To find out more or assess your eligibility, talk to us or download the First Home Guarantee Fact Sheet.


Fact sheetInformation guide

How does the First Home Guarantee work?

You can apply through Reliance Bank for a loan to purchase a residential property, and we will reserve a place in the guarantee on your behalf, provided your application meets the eligibility criteria.

The First Home Guarantee can also be used conjunction with other Government initiatives such as stamp duty concessions.



Applying for the First Home Guarantee

There are limited places available nationwide, so contact us and we will guide you through the steps below.

  1. Check if you're eligible
    Check your eligibility with us or on the Housing Australia website.
    If you're ineligible, we'll still work with you to explore other options to help you get into your home.
  2. Reserve your place
    We'll help guide you through the process and help find the best home loan for your needs. We'll work with you to reserve a place in the guarantee on your behalf.
  3. Look for a home
    Explore and find a property that meets the eligibility criteria for the First Home Guarantee.
  4. Make your move
    Move into your property and enjoy your home.
For further details, eligibility criteria or to discuss your needs, please contact us today.

Speak to us today!


Let’s Get Started

  • Contact us

    Call 13 24 40
  • Online booking

    Click here

Credit eligibility, terms and conditions, fees & charges apply.
Please note that the First Home Guarantee is not a cash payment or a deposit for your home loan. Minimum home loan balance $150,000. Not available for top-ups or internal product switches. Maximum loan period 30 years. Applicants can be first home buyers as well as people who have not owned property in Australia in the last 10 years.
* Other fees and charges may apply and will be specified at the time the loan is approved.