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  • Existing Clients 1300 720 110
  • New Enquiries 1800 100 747
  • First Home Loan Deposit Scheme (FHLDS)

    Mortgageport is proud to be an approved lender on the Government’s FHLDS lending panel. The scheme allows first home owners to buy a home with only 5% deposit - without paying mortgage insurance.

    That is a saving of up to $31,900 in mortgage insurance.

    based on a loan of $760,000 loan with a $40,000 deposit.

    Phone 1800 100 747

    A deposit of as little as 5% without having to pay lenders mortgage insurance (LMI)

    The First Home Loan Deposit Scheme means you can get into your first home with out having to save for the mortgage insurance. The scheme has already helped thousands of Australians get into their first home sooner.

    With limited spots available we can help you secure your place with our online registration process. All you need to provide us is a copy of your Drivers Licence and your Medicare Card and complete our simple form.

    Reserve your spot online

    4 Easy Steps

    Step 1

    Secure your spot

    Step 2

    Home loan pre-approval within 14 days

    Step 3

    Find your home and full approval within 90 days

    Step 4

    120 days to settle

    Mortgageport’s First Home Loan Deposit Scheme


    1-year fixed rate


    Comparison Rate#

    with a $2,000 cash back paid after your loan settles.

    A one-off payment of $2,000.00 is credited to your nominated bank account within 30 days of your loan settling, provided the loan first settles after the 1st August 2021 and before the 4th February 2022 and you have paid the application fee within 14 days of having your FHLDS place reserved with NHFIC by Mortgageport. This offer may be withdrawn without notice by Mortgageport at any time. This offer is only available to borrowers who meet the FHLDS eligibility criteria

    Download Product Sheet

    # Comparison rates are based on a secured loan of $150,000 over a term of 25 years.
    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 discharge fees 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.
    ~ Interest rates are correct as of 1st July 2021 and are subject to change.

    Scheme Eligibility Tool

    To make things easier, the Government and NHFIC have created an online tool to help you understand whether you are eligible for the scheme.

    Property price tool

    The government has also developed a tool to help first home buyers find out the property price cap for the suburb in which they are looking to purchase a property.

    Contact us to discuss

    Call us

    1800 100 747


    8.30am to 5.30pm


    Contact an Expert

    Fill in your details and a Mortgage Consultant will contact you