First home loan deposit scheme

First home loan deposit scheme

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The Australian Government supports eligible home buyers to purchase a home sooner, under the First Home Loan Deposit Scheme, the New Home Guarantee, and the Family Home Guarantee. Loan applications can be submitted on the Sydney Mutual Bank website and scheme places are strictly limited.

First Home Loan Deposit Scheme

For first home buyers wanting to purchase new or existing homes with 5% deposit.

For details and a comprehensive list of eligibility criteria, please read the NHFIC First Home Loan Deposit Scheme Fact Sheet.

Learn more

Family Home Guarantee

For single parents wanting to purchase a new or existing home with as little as 2% deposit.

For more details and a comprehensive list of eligibility criteria, please read the Family Home Guarantee Fact Sheet.

See Home Loans

New Home Guarantee

For first home buyers wanting to build or purchase a new home with as little as 5% deposit. Higher property price caps available in selected areas.

For more details and a comprehensive list of eligibility criteria, please read the NHFIC New Home Guarantee Fact Sheet.

Learn more

If you would like to find out more about how we can help you buy your home via the Government Home Loan Guarantee Schemes, please fill out the form below.

Why Choose Sydney Mutual Bank

  • We've been around for over 55 years. We're safe and secure, with a network of 10 branches where you’ll receive a warm welcome from people who are more generous with their time.
  • We’re not like the big banks. We are customer owned and by putting you first, our investment is in you without the conflict of interest between customers and shareholders.
  • We are not behind big banks in terms of facilities. We have Internet Banking, Mobile Banking App, NPP, Apple & Google Pay and an Australia-based call centre.