Buy your first home

sooner

With a deposit as low as 5% under the Home Guarantee Scheme (HGS)*.

*eligability criteria and conditions apply

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We support you buying your first home

Purchase your first home with a deposit as low as 5%* under the Federal Government Home Guarantee Scheme (HGS).

Mortgageport have supported hundreds of Australians to get into their first home sooner. And we are proud to be an approved lender under the Federal Governments Home Guarantee Scheme (HGS) allowing us to provide home loans to eligible home with as little as a 5%^* deposit and no Lenders Mortgage Insurance (LMI). The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme. The purpose of FHBG is to support eligible first home buyers to enter the housing market sooner. It does this by allowing NHFIC to issue up to 35,000 guarantees each financial year from 2022-23 for eligible loans to first home buyers with a deposit of between 5 and 20 per cent of the property value. With limited spots available we can help you to secure your place.

^*terms and conditions apply.

Reserve your place now

Why Mortgageport?

Accredited

Mortgageport is proud to be an approved lender on the Government’s Home Guarantee Scheme (HGS) lending panel.

Low deposits

With a deposit from 5% without paying Lenders Mortgage Insurance^*.
^{* conditions apply}

Competitive rates

Offering competitive rates on your home loan.

Specialised service

With Lending Managers specialised in helping first home buyers as your single point of contact.

In-house credit team

We approve your loan in-house, so you don’t have to wait in line to get an answer.

Eligibility Criteria

If you fall under the following then you're eligible to apply with us

All applicants must be first time home buyers and Australian citizens
An individual must have earned less than $125,000 in the previous financial year
or $200,000 for a couple
You must have a minimum of 5% deposit and a maximum of 20% deposit
The property you are purchasing must not exceed price caps, which change
depending on location

You can find more information about the FHBG and eligibility criteria on the National
Housing Finance and Investment Corporation website. Or download the Scheme fact sheet.

Reserve your place now

Loan process

Our Simple process that makes things easier for you

1. Reserve your place

We can help you to secure your spot in the scheme. You just need to provide us with a few details and we will do this immediately.
2. Apply for your homeloan

Once your place is secure, we will work with you to complete your home loan application. Under the Scheme you have 14 days to gain pre-approval.
3. Find your home

Once you have pre-approval, your can find your home and secure this and your full home loan approval This needs to be done within 90 days under the Scheme.
4. Finalise your loan

Settlement on your loan is the final stage, and then you are ready to move into your new home!