The First Home Loan Deposit Scheme is a Australian Government initiative to support eligible first home buyers purchase a home sooner.
It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent (lender’s criteria apply).
For properties in Newcastle the scheme will assist first home buyers to purchase a residence up to $700,000.
NHFIC is releasing 10,000 First Home Loan Deposit Scheme guarantees this financial year. Another 10,000 places will be available from July 2020. So be quick to apply.
For more information go to the government web site : FHJDS