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Federal scheme · Available nationwide

Home Guarantee Scheme — 5% deposit, no LMI

Buy a home with as little as a 5% deposit without paying Lenders Mortgage Insurance — the federal government guarantees the rest. Since 1 October 2025 the scheme has unlimited places, no income caps, and significantly higher property caps. The property must be your principal place of residence (no investors).

First Home Guarantee
5% deposit, no LMI
Regional FHB Guarantee
5% deposit, regional only
Family Home Guarantee
2% deposit, single parents

Source: housingaustralia.gov.au · Verified April 2026

Your state — pick to see grants & concessions
State schemes · New South Wales

First home buyer benefits in New South Wales

First Home Owner Grant (FHOG)
$10,000— Buying or building a new home valued ≤ $600,000, or new house-and-land package ≤ $750,000.
Stamp duty concession
Full exemption on new or existing homes ≤ $800,000; concessional rates from $800,000 to $1,000,000.
Home Guarantee Scheme property cap
Maximum property price for the federal 5%-deposit scheme in New South Wales: $1,500,000 (Sydney + regional centres) / $800,000 (rest of NSW).
Source: Revenue NSW · Verified April 2026. Grant amounts and property caps change — confirm with the linked source before applying.
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First Home Buyer Home Loans, April 2026

Loans accepting 5%+ deposits, plus lenders on the First Home Guarantee panel. Our broker walks you through FHBG, stamp duty concessions and FHOG by state.

Rates updated 29 Apr 2026|1,261 products|85+ Australian lenders
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Editor's Pick · Ratesniffers Editorial Team

Top Home Loan Rates in April 2026

Buying your first home in April 2026? You're not stuck with the Big 4. The lenders on the First Home Guarantee panel include several mutuals and online-only lenders with rates well under the majors. Here are the standout FHB-friendly products this month.

Type
Lender & product
Rate p.a.
Comp. rate p.a.*
Max LVR
Variable rate
St.George BankBasic Variable Home Loan
6.44%
6.45%
95%
Fixed rate
Tiimely HomeTiimely Offset Home Loan
6.59%
6.79%
95%
Well Money logoOnline
Next Step
Owner-occupierVariableP&I
Interest
6.97%p.a.
Comparison*
7.01%p.a.
Monthly repayment
$3,316
LVR ≤95%
More details
*Important Information and Comparison Rate Warning

This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.

The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.