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Home Guarantee Scheme

Buy a home sooner with a low deposit.

We’re one of the select lenders able to offer the Australian Government's Home Guarantee Scheme administered by Housing Australia.

The Home Guarantee Scheme is an Australian Government initiative that helps home buyers to buy a home sooner and supports home buyers who have saved a small deposit, and meet other eligibility criteria, to get a home loan to buy a home. 

We’re proud to be a participating lender and look forward to helping even more Australians achieve their home ownership goals.

How does the Scheme work?

Home buyers usually need a deposit of 20% of the Property Value to get a home loan, and those with a smaller deposit may require Lenders Mortgage Insurance (LMI).

Under the Home Guarantee Scheme, Housing Australia provides a Guarantee to the lender, so home buyers only need a 2% or 5% deposit depending on the type of Guarantee. This helps home buyers to buy a home sooner, with lower upfront costs.

Home buyers are responsible for meeting all costs and repayments for home loans associated with the Home Guarantee Scheme including but not limited to stamp duty, application fee and legal costs.*

The Home Guarantee Scheme includes three guarantee options:

  • the First Home Guarantee for eligible first home buyers.
  • the Family Home Guarantee for eligible single parents or guardians with dependents.
  • the Regional First Home Buyer Guarantee for eligible first home buyers living and purchasing in regional areas.
How to apply

Take a look at the Home Guarantee Comparison Table and compare the key features of each Guarantee.

Home Guarantee Comparison Table

First Home Guarantee

The First Home Guarantee is part of the Home Guarantee Scheme. The First Home Guarantee supports home buyers to buy a home sooner.

Family Home Guarantee

The Family Home Guarantee is part of the Home Guarantee Scheme. The Family Home Guarantee supports single parents or single legal guardians of one or more dependent children to buy a home sooner.

Regional First Home Buyer Guarantee

The Regional First Home Buyer Guarantee is part of the Home Guarantee Scheme, an Australian Government initiative that helps home buyers to buy a home sooner. The Regional First Home Buyer Guarantee supports regional home buyers who have saved a minimum deposit of 5% of the Property Value, and meet other eligibility criteria, to buy a home in a regional area.

Start your application now

For a home loan that makes you feel at home, get in touch with us today.

The first step is simply to talk to us and we can guide you from there. You can apply online, call us on 13 8777 or visit us at 400 King William Street, Adelaide.

Don’t have time to visit us? No problem, we can come to you!

Start your home loan application online anytime, anywhere.

Details you’ll need to have handy:

  • your income and living expense details.
  • information about what you own and what you owe.

Apply now

Our local Home Lending and Relationship Managers are here to help with your home loan journey.

Simply book an appointment with one of our lending specialists at a time and place that suits you.

Make an appointment

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Want more information?

Learn more

You can find more information about the Home Guarantee Scheme on the Housing Australia website.

Get in touch

Contact us

We're here to help. You can contact us by calling us, visiting us, making an appointment, using Web Chat or Secure Mail.

INFORMATION YOU SHOULD KNOW

The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination.

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Home Guarantee Scheme eligibility criteria apply.

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