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First Home Guarantee

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First Home Guarantee

Reliance Bank is an approved lender under the Australian Government's First Home Guarantee helping eligible first 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.

Additional benefits from Reliance Bank for First Home Guarantee buyers

  Assistance and support in helping you qualify for the Australian Government’s First Home Guarantee
  Lower interest rates from our Advantage Plus Home Loan for the life of your loan*
  Waived Reliance Bank establishment, valuation and legal fees**
  Express home loan service

Speak to us today!

What is the First Home Guarantee?

The First Home Guarantee (FHBG) is an Australian Government initiative to help you purchase your first home sooner. It is administered by the National Housing Finance and Investment Corporation (NHFIC) under the Home Guarantee Scheme (Scheme) on behalf of the Australian Government.

Usually as a first 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 NHFIC guarantees to a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible first 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 NHFIC website. If you're ineligible, we'll still work with you to explore other options to help you get into your first 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 first home.
For further details, eligibility criteria or to discuss your needs, please contact us today.

Speak to us today!


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.
* Both variable and fixed rates for First Home Buyer Advantage Plus Home Loan offer you a lower interest rate. Lower interest rate offer ceases upon top-up or closure of original loan account
** Other fees and charges may apply and will be specified at the time the loan is approved.