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First Home Buyer Loan Craigieburn
Australian Government 5% Deposit Scheme
Taking your first step into the property market in Craigieburn has never been easier. With lower deposit options, you can now move into your dream home sooner than you imagined.
What is the Australian Government 5% Deposit Scheme?
Owning your first home in Craigieburn doesn’t have to take years of saving. The Australian Government 5% Deposit Scheme helps eligible buyers purchase their first property with as little as a 5% deposit (or 2% for single parents and legal guardians).
There are no income caps, no waiting lists, and no Lenders Mortgage Insurance (LMI) — meaning you save on upfront costs and get the keys to your home faster. Whether you’re buying a family house, townhouse, or apartment, this scheme helps you own a property that fits your budget and lifestyle.
Over 240,000+ Australians have already achieved their dream of home ownership — and you could be next.
Let’s talk
Our experienced mortgage brokers are available daily to assist you at every step.
Address
Level 1/340 Foleys Rd, Derrimut VIC 3026, Australia
Emial Id
info@australianloanhut.com.au
Call Us
0431 191 629
First home buyers
Minimum 5% deposit
Single parents or legal guardians
Minimum 2% deposit
Over 240,000 Australians
Already supported through this scheme
About the 5% Deposit Scheme
The scheme is designed to make home ownership more achievable by allowing eligible buyers to purchase with a smaller deposit and government support. Here’s how it works:
It’s a simple and secure way to enter the property market without waiting years to save a large deposit. With the government guarantee, lenders feel confident in offering better loan options, competitive interest rates, and smoother approvals, helping first-home buyers in Craigieburn move into their new homes sooner.
1. Eligibility Check
You meet all Scheme eligibility criteria.
2. Low Deposit Savings
Save just 5% (for first home buyers) or 2% (for single parents/legal guardians).
3. Government Guarantee
The Australian Government guarantees a portion of your loan, allowing the lender to offer you up to 95–98% of your home’s value.
4. Loan Approval
A participating lender issues your home loan.
5. Welcome Home
You purchase and move into your new property.
Key Features & Benefits
- Buy with as little as 5% deposit
- No income limits or waiting lists
- No Lenders Mortgage Insurance – save thousands upfront
- Wide range of property options – houses, townhouses, apartments
- Government-backed security for lenders and buyers
- Open access – unlimited scheme spots
Next Steps & How to Apply
Ready to find out if this scheme is right for you?
Explore your options, check your eligibility, and let our brokers guide you through the application process with ease.
Who Can Benefit from This Scheme?
First Home Buyers
If you’re a first-time buyer in Craigieburn with at least a 5% deposit, this scheme helps you step confidently into home ownership.
Single Parents or Legal Guardians
You can apply with a minimum 2% deposit and still avoid LMI, making it easier to secure a safe and stable home for your family.
Fact Sheet
Learn everything you need to know about the Australian Government 5% Deposit Scheme — eligibility, process, and benefits.
