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First Home Loan Deposit Scheme


First home loan deposit scheme

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Please note that the number of available Scheme places are limited each financial year and registering your Scheme place with Gateway Bank does not guarantee a successful application.

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

Popular home loans

Low Rate Essentials Home Loan

  • Redraw facility available.
  • Unlimited extra repayments.
  • Borrow between $50k and $2m.

2.81% pa1
Variable Rate (up to 80%LVR)

2.84% pa
Comparison Rate

Premium Package Home Loan

  • 100% offset account available.
  • Unlimited extra repayments.
  • $150k minimum loan amount.

3.05% pa1
Variable Rate (up to 80% LVR)

3.38% pa
Comparison Rate

What is the Scheme?

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%. 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.


FHLDS Fact Sheet






Who is eligible?

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.

Eligibility Checklist:

How to apply

  1. Check your eligibility.
  2. Then apply for your Scheme 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 once your Scheme place has been accepted.

* Please note that we are not able to provide Construction Loans under the First Home Loan Deposit Scheme.

As a first home buyer you may also qualify for additional assistance

First Home Owners Grant

More information >


First Home Super Saver Scheme

More information >


Stamp Duty Concessions

More information >


HomeBuilder Grant

More information >


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We'll be with you throughout your home buying journey


There’s a lot to think about when buying a home, so we’re here to keep it simple. 

If you would like more information, call us on 1300 302 474 (8am  6pm, Monday to Friday AEDT). 

Arrange a call back


First home buyers guide

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.