The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase a home sooner.
Under the Scheme, part of an eligible first home buyer’s home loan from a participating lender will be guaranteed by NHIFC. This is aimed at enabling first home buyers to purchase a home with a deposit of as little as 5 per cent (lender’s criteria apply).
If you would like to find out more, have a read of the this fact sheet and visit https://www.nhfic.gov.au/what-we-do/fhlds/