Gateway is proud to partner with the Australian Government on the First Home Loan Deposit Scheme (FHLDS) to help more first home buyers reach their dream of home ownership sooner.
Whether you are looking for a no-frills low interest rate, or the full package with money-smart features, we've got you covered with a Gateway home loan.
Unfortunately all FHLDS places with Gateway Bank have been reserved for this financial year. FHLDS places can become available from time to time as some applicants who have reserved a Scheme place will withdraw their application. Please register your interest with Gateway Bank and we will contact you if a place becomes available and we can also take you through our range of solutions for first home buyers.
The FHLDS is an Australian Government initiative that supports eligible first home buyers to purchase a home with a deposit of as little as 5% without the need for Lender's Mortgage Insurance, or LMI. The National Housing Finance and Investment Corporation (NHFIC) will then provide a guarantee to the lender covering up to 15% of the property’s value.
The NHFIC has appointed Gateway Bank to offer loans to be guaranteed under the Scheme, which will support up to 10,000 loans each financial year. Apply now for your Scheme place with Gateway Bank.
Find out if you meet the Scheme’s eligibility criteria. Please note that this tool is provided as a guide only and does not guarantee that you will receive either a Scheme place or a loan from Gateway Bank.
Things you should know:
Please note that the number of available Scheme places are limited each financial year and applying with Gateway Bank does not guarantee a successful application.
Rates advertised apply to principal and interest repayment types only. Gateway reserves the right to vary these interest rates at any time. Comparison rates are calculated based on a loan amount of $150,000 over a 25 year term. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Applications for finance are subject our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.
1 Variable rate special offers are available for a limited time only and may be varied or withdrawn at any time. The offer is available for new loans and top ups of $50,000 or more.
* Please note that we are not able to provide Construction Loans under the First Home Loan Deposit Scheme.