Lower deposit pathway
Eligible buyers may be able to buy with a minimum 5% deposit for first home buyers. Single parents may have a separate lower-deposit pathway.
First home buyers
Buy with a smaller deposit using the 5% Deposit Scheme.
The Australian Government 5% Deposit Scheme may help eligible first home buyers buy sooner with a smaller deposit and no lenders mortgage insurance, subject to lender and scheme rules.
Scheme overview
What the 5% Deposit Scheme can help with
We help you work out whether the scheme, your deposit and your borrowing position line up before you apply.
No LMI under the scheme
The government guarantee can help eligible buyers avoid lenders mortgage insurance, although normal lender approval still applies.
Property and lender checks
The property, price cap, loan type and lender all need to fit the scheme rules before you can rely on this pathway.
Broker support
How we help you prepare
Winning Home Loans can help compare your deposit, borrowing power and lender options so you know whether the scheme is a practical fit.
Check the basics
Deposit, income, savings history, credit position and whether you are buying to live in the home.
Match lender policy
Not every loan scenario fits every lender. We check policy before you get too far down the track.
Plan the next move
Get clear steps for pre-approval, documents and what to do before you make an offer.
Questions
Common 5% Deposit Scheme questions
Is the 5% Deposit Scheme a cash grant?
No. It is generally a government guarantee arrangement that helps eligible buyers access a loan with a smaller deposit. It is not money paid into your account.
Do I still need lender approval?
Yes. You still need to satisfy lender credit assessment, serviceability and loan requirements.
Can I combine this with other first home buyer support?
Sometimes, depending on your state, property, grant or duty concession rules. We can help you map the possible pathways.
Scheme details can change. Check the official Housing Australia 5% Deposit Scheme information.
Ready when you are
Check if a low-deposit pathway fits.
Book a broker call and we will help you understand your deposit, borrowing power and next step.
Multiple lendersCompare lender policy and fit.
Low depositCheck scheme and lender options.
1:1Guidance from planning to approval.
Australia wideBroker support with Australian lender access.