Australian Government 5% Deposit Scheme
About the Australian Government 5% Deposit Scheme
The Australian Government 5% Deposit Scheme is part of an Australian Government initiative to support eligible home buyers to buy a home sooner. It is administered by Housing Australia on behalf of the Australian Government.
Under the scheme, part of an eligible home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. This enables an eligible home buyer to buy a home with as little as 5% deposit without paying Lenders Mortgage Insurance.
For the Australian Government 5% Deposit Scheme, any Guarantee of a home loan is for up to a maximum amount of 15% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan. Eligibility criteria apply.
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Eligibility Criteria
To apply for the Australian Government 5% Deposit Scheme, home buyers must be:
Things to keep in mind
Ekta Sharma
2 years ago
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ashish sharma
2 years ago
Working with Harry and Simrat made the home loan process smooth and stress-free. They handled all our queries efficiently and kept us informed at every stage. Thanks to their diligence, we were able to secure our loan quickly and without any issues.
Shikhi Aggarwal
2 years ago
Harry is very professional,knowledgeable and detailed in his work.He worked so hard to get us the best deals for our home loan. He was very responsive to our calls and emails and also guided us a complicated process with clear step by step instructions on what we needed to do.I highly recommend his services to anyone looking for a professional mortgage broker who is great to deal with.
A big Thanks from our side to Harry & Simrat.👏👏👏🥰
A big Thanks from our side to Harry & Simrat.👏👏👏🥰
Amneesh Singla
2 years ago
It's always a dream for a family to buy a home and for that financial advisor is needed. Luckily i met Harry and he helped me a lot to secure our home loan. He makes the whole process stress-free with clear and timely communication. He provided me all the guidance since beginning to the last step. In between I had so many questions and doubts but Harry and Simrat work together to resolve my doubts and issues. Thank you so much for all your help and hardwork. I definitely recommend Harry to everyone who is looking the financial/ real estate help.👍👍👍Good work guys.
Larisha Kumar
2 years ago
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Priyanka Karthick
2 years ago
Working with Harry and Simrat was a fantastic experience. They are very professional,expertise and they gave a good guidance along the way. What I liked the most was they took time to understand our needs and ensured a smooth and a stress free refinance process for us. Would highly recommend to my friends in future.
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