First Home Guarantee Scheme - 5% deposit, No LMI
First Home Guarantee Scheme - This enables an eligible first home buyer to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance. - No stamp duty for a purchase price up to $650,000. - Concessional stamp duty for a purchase price between $650,000 - $800,000. First Home Guarantee Scheme - Eligibility To apply for the First Home Guarantee Scheme, applicants must: apply as an individual or couple (married or de facto). Can't be siblings or friends. be an Australian citizen. Can't be a New Zealand citizen or Permanent Resident. be at least 18 years old. earn up to $125,000 for singles or or $200,000 for couples. You'll need to provide your Notice of Assessment (NOA). intend to be owner-occupiers of the property. Can't be for an investment. be first home buyers who have not previously owned a property in Australia (even if you've since sold it!). Applying for the First Home Guarantee Scheme Applicat...