---
title: "5% Deposit Scheme (formerly Home Guarantee Scheme), Australia-wide · unclaimd"
description: "The government backs part of your home loan so you can buy your first home with a small deposit. A 5% deposit (2% for single parents) and no lenders mortgage insurance. Check the conditions and…"
url: "https://unclaimd.org/support/national-5-percent-deposit-scheme/"
---

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[Housing](https://unclaimd.org/support/housing/) / [Australia-wide](https://unclaimd.org/support/australia/)

# 5% Deposit Scheme (formerly Home Guarantee Scheme)

The government backs part of your home loan so you can buy your first home with a small deposit.

- Support available: A 5% deposit (2% for single parents) and no lenders mortgage insurance
- Type of support: Help to buy a home

[Visit official site](https://firsthomebuyers.gov.au/australian-government-5-percent-deposit-scheme)

Opens firsthomebuyers.gov.au, the official site.

unclaimd never asks for your myGov sign-in or bank details. The official site may ask for them, so check the address ends in .gov.au first. [How to stay safe](https://unclaimd.org/help/stay-safe/)

## What you need to check

You do not pay lenders mortgage insurance (LMI, an extra fee banks charge for small deposits). First home buyers need a 5% deposit. You must not have owned property or land in Australia in the last 10 years. Single parents and legal guardians of a dependent child need 2%. Since 1 October 2025 there are no income limits and no waiting list. The home must be under the price cap for its area. You must live in the home.

This is a short summary. Other rules may apply, like income or where you live. Check the full rules with the agency that runs it.

**Read in Easy English**

### What it is

- This helps you buy your first home.
- A deposit is the part of the price you pay at the start.
- With this, you only need 5% of the price.
- Single parents only need 2%.
- You do not pay an extra bank fee called LMI.

### Who can get it

- It is for first home buyers.
- You must be 18 or older.
- You must be a citizen or permanent resident.
- You must live in the home.
- Each area has a top price.

### What to do

- Read the rules on the official website.
- Apply there. It is free to apply.

## About this source

We last reviewed this listing on 5 Nov 2026. We last checked the official page on 5 Nov 2026.

Our automatic check only sees whether the page is there or has changed. It is not a check of the rules.

## How to apply

Apply through a Participating Lender as part of your home loan. You cannot apply to Housing Australia directly.

[Visit official site](https://firsthomebuyers.gov.au/australian-government-5-percent-deposit-scheme)

firsthomebuyers.gov.au

unclaimd never asks for your myGov sign-in or bank details. The official site may ask for them, so check the address ends in .gov.au first. [How to stay safe](https://unclaimd.org/help/stay-safe/)

unclaimd can’t approve a claim or apply for you.

[Report a problem with this listing](https://unclaimd.org/contact/?topic=listing&program=national-5-percent-deposit-scheme#contact)

---

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