Young couple outside a house.

Government schemes and incentives.

Young couple outside a house.

Defence Bank is right behind the Australian Government’s Home Guarantee Scheme.

This initiative supports eligible first home buyers and single parents to purchase a home sooner.

First Home Guarantee (FHBG).

The First Home Guarantee provides a guarantee to allow eligible first home buyers to purchase a home with a deposit of as little as five (5) per cent. However, the scheme is supporting only a limited number of home loans. Applications with Defence Bank start 1 February 2020. First in, best addressed.

The Australian Government has released an additional 35,000 places for the 2022-2023 financial year, specifically for eligible first home buyers purchasing new homes.

Find out more about the First Home Guarantee.

Family Home Guarantee (FHG).

Defence Bank is proud to offer its members the Family Home Guarantee with 5,000 places for the 2022-2023 financial year. This scheme aims to support eligible single parents with at least one dependent child in purchasing a family home, with a deposit of as little as two (2) per cent.

Find out more about the Family Home Guarantee.

Do these schemes work with DHOAS?

All schemes apply to Defence Bank’s competitive range of existing home loan packages including the Defence Home Ownership Assistance Scheme (DHOAS).

See our range of DHOAS home loans.

If you aren’t sure which Scheme could apply to you, answer a few questions and you'll be pointed you in the right direction.
NHFIC has also developed a tool to help first home buyers find out the property price threshold for the suburb in which they are looking to purchase a property.
Looking for more information? Visit the NHFIC website.

From Wagga to Townsville, we're helping Australians own their first home.

Not a member? Join Defence Bank now.
Our award-winning app gets you banking on the go.
Visit a branch and discuss your finances face-to-face.
Need to talk to someone right away? Call us now.