Home Guarantee Scheme 2025: Easier Than Ever to Buy Your First Home!

If you’ve been dreaming of buying your first home—or getting back into the property market—there’s exciting news! From 1 October 2025, the Home Guarantee Scheme has expanded, making it simpler for more Australians to achieve homeownership.

What’s New in the Scheme?

The recent updates make the scheme more accessible and flexible:

• ✅ Unlimited spots – no more waiting lists

• ✅ No income limits – more buyers are eligible

• ✅ Higher property caps – up to $1.5 million, depending on the area

• ✅ Low deposit – buy with just 5% (or 2% for single parents)

• ✅ No Lenders Mortgage Insurance (LMI) – save thousands instantly

These changes are designed to make homeownership more attainable, especially for buyers who struggle to save a large deposit.

How the Scheme Works

The scheme allows eligible buyers to purchase a property with a low deposit while avoiding costly LMI. However, it’s important to understand that loan approval is still based on your income, expenses, and credit history. This means you still need to meet the lender’s standard assessment criteria.

How a Mortgage Broker Can Help

Navigating a property purchase under the updated scheme can be tricky, but that’s where a mortgage broker comes in. I can help you:

• Check if you qualify under the new scheme

• Match you with a lender currently participating in the program

• Guide you through the loan application process to maximize your chances of approval

Take the First Step Toward Your Dream Home

The updated Home Guarantee Scheme opens doors for more Australians to achieve homeownership. If you’re ready to explore your options and see if you qualify:

📅 Book a free appointment today

Don’t wait—this is your chance to step into homeownership sooner with fewer barriers!