The First Home Loan Deposit Scheme is an Australian Government initiative designed to help eligible first home buyers enter the property market sooner by significantly reducing the deposit requirement.
No income caps – open to all first home buyers
Unlimited places – no more waiting lists or missing out
Higher property price caps – up to $850,000 in metro WA
Wider lender access – including smaller and customer-owned banks
First home buyers typically need a 20% deposit to avoid Lenders Mortgage Insurance (LMI), which can delay homeownership by years. Through the First Home Loan Deposit Scheme, the National Housing Finance and Investment Corporation (NHFIC) guarantees up to 15% of your home loan from a participating lender, allowing you to:
Standard First Home Purchase:
With the First Home Loan Deposit Scheme:
As experienced Perth building consultants, Emily Rose Homes specialises in guiding first home buyers through this scheme when building a home. Our team coordinates with reputable mortgage brokers who understand the scheme’s requirements.
To qualify for the First Home Loan Deposit Scheme, you must:
Ready to take your first step toward building your dream home in Perth? Contact our building consultants today for personalised guidance on accessing the First Home Loan Deposit Scheme.
For official program details, eligibility requirements, and price caps for Perth and regional WA, visit the National Housing Finance and Investment Corporation website.
References:
Information current as of September 2025. Terms, conditions, and eligibility criteria are subject to change. Please contact Emily Rose Homes for the most up-to-date information.
