One of the biggest challenges for those looking to enter the property market is building up a deposit.

Gateway is proud to support the Australian Government on the First Home Guarantee (FHBG) to help more 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. Register your place now.


What is the FHBG?

The FHBG is an Australian Government initiative that supports home buyers to purchase a home with a deposit of as little as 5% without the need for Lender's Mortgage Insurance, or LMI. Housing Australia will then provide a guarantee to the lender covering up to 15% of the property’s value.

Gateway has been appointed by Housing Australia to offer loans to be guaranteed, which will support up to 35,000 loans each financial year.

Not ready to register for your place? Ask us anything here.


Who is Eligible?

Find out if you meet the First Home Guarantee's eligibility criteria. Please note that this tool is provided as a guide only and does not guarantee that you will receive either a FHBG place or a loan from Gateway Bank.


FHBG Eligibility

  • To be eligible, home buyers applying for the FHBG must have a minimum 5% deposit, and can include first home buyers or previous home owners who haven't owned a property in the ten years prior to the date they execute their home loan.
  • Prior property ownership includes a freehold interest in real property in Australia (this includes owning land only), an interest in a lease of land in Australia with a term of 50 years or more, or a company title interest in land in Australia.
  • Australian citizens or permanent residents may apply.
  • Individual or joint applicants may apply for the First Home Guarantee. Joint applicants may include partners, friends, siblings, and other family members.
  • Is the property purchase price within the threshold for your property’s suburb and postcode? You can check this using Housing Australia's property price threshold tool.


How to Apply

  1. Check your eligibility.
  2. Then register your place with Gateway and we will verify your eligibility.
  3. Then apply for your home loan with Gateway.
  4. You're all done! A Gateway consultant will be in touch soon.

Popular Home Loans

Our most competitive home loan with great features allowing you to pay off your mortgage sooner.

  • Loan redraw facility available
  • No annual fees
  • Unlimited extra repayments
  • Up to 80% LVR 6.59%p.a. Interest rate
  • 6.61%p.a.
    Comparison rate

A multi-award winning home loan with flexible features and a competitive rate.

  • No establishment fee
  • 100% offset account available
  • Unlimited extra repayments
  • Up to 80% LVR 6.69%p.a. Interest rate
  • 6.97%p.a.
    Comparison rate

A multi-award winning home loan with flexible features and a competitive rate.

  • No establishment fee
  • Option to split variable and fixed loan options
  • Unlimited extra repayments
  • 3 year 6.59%p.a. Interest rate
  • 6.44%p.a.
    Comparison rate

Find more information about home buying with Gateway Bank:


Everything you need to know about buying your first home


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. Interest rates quoted are for new lending only. Existing borrowers should contact Gateway to discuss their requirements. 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.

Please note that we are not able to provide Construction Loans under the Home Guarantee Scheme.