The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative to support eligible first home buyers to build or purchase a first home sooner. The Scheme is administered by the National Housing Finance and Investment Corporation (NHFIC).
10,000 First Home Loan Deposit Scheme places were made available for the 2021-22 financial year from 1 July 2021.
In the 2020-21 Federal Budget, the Australian Government announced an additional 10,000 FHLDS places for the 2020-21 financial year, specifically for eligible first home buyers building or purchasing new homes. These additional places are known as the New Home Guarantee.
There are currently 25 participating lenders across Australia offering places under the First Home Loan Deposit Scheme.
Visit: www.nhfic.gov.au/what-we-do/fhlds
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