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

Gateway is proud to support the Australian Government on the Regional First Home Guarantee (RFHBG) to help more regional 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 RFHBG?

The RFHBG is an Australian Government initiative that supports regional home buyers to purchase a home in a regional area 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.

From 1 October 2022, 10,000 RFHBG places will be available per financial year until 30 June 2025. Gateway Bank is one of the participating lenders appointed by Housing Australia to offer the RFHBG to customers/home buyers.

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

Key Documents 

Who is Eligible?

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


RFHBG Eligibility

  • To be eligible, home buyers applying for the RFHBG must have a minimum 5% deposit. They must have lived (or at least one applicant if applying as joint applicants) in the regional area or adjacent regional area they are purchasing in for the preceding 12-month period to the date they execute the home loan agreement.
  • Australian citizens or permanent residents may apply.
  • Employees required by their employer to relocate may be eligible for an exemption and should check with their Participating Lender if this applies.
  • Individual or joint applicants may apply for the Regional First Home Buyer Guarantee. Joint applicants may include partners, friends, siblings, and other family members.
  • All other HGS eligibility criteria apply to all applicants.
  • Home buyers who are eligible for the RFHBG are not eligible for the First Home Guarantee.
  • Home buyers who are not eligible for the RFHBG may be eligible for the First Home Guarantee or the Family Home Guarantee.


I’m Not Sure if I Live in a Regional Area?

Use Housing Australia's regional checker to confirm if your area is defined as regional.

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
  • 6.56%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.