Bank or broker? We have both.
The First Home Loan Deposit Scheme is a Government-backed initiative to help Australians get into their first home sooner. We can connect you with our banking partner NAB or one of our Smartline mortgage brokers, who can help you progress your application for the Scheme.
Check your eligibility
Check your eligibility for the Scheme using our online eligibility tool.
Both the National Australia Bank (NAB) and the Commonwealth Bank of Australia (CBA) have started accepted applications under the Scheme from 1 January 2020.
The 25 non-major lenders will accept applications under the Scheme from 1 February 2020.
There are currently waitlists in place.
Secure your spot
Depending on your lender preference, we can help you in two ways:
1. Get in touch with one of our mortgage brokers who can help you lodge your application through one of the participating lenders including NAB and CBA.
2. Call 08 9527 1800 to speak directly to our banking partner NAB who can answer your questions about the Scheme, confirm your eligibility and help you progress your application. Can’t call now? Request a call back.
Buy your home
Once your loan is approved under the Scheme you have 90 days to purchase your home.
Check out our FHLDS guide for more information on the maximum purchase price for your area.
Move into your new place
Move in and enjoy your new home!
Approved Lenders
Major bank lenders which will be opening FHLDS applications from 1 January, 2020, are:
National Australia Bank | Commonwealth Bank
Non-major lenders which will be opening FHLDS applications from 1 February, 2020, are:
Australian Military Bank | Auswide Bank | Bank Australia | Bank First | Bank of us | Bendigo Bank | Beyond Bank Australia | Community First Credit Union | CUA | Defence Bank | Gateway Bank | G&C Mutual Bank | Indigenous Business Australia | Mortgageport | MyState Bank | People’s Choice Credit Union | Police Bank (including the Border Bank and Bank of Heritage Isle) | P&N Bank | QBANK | Queensland Country Credit Union | Regional Australia Bank |Sydney Mutual Bank and Endeavour Mutual Bank (divisions of Australian Mutual Bank Ltd)|Teachers Mutual Bank Limited (including Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank and UniBank) | The Mutual Bank | WAW Credit Union
