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Help for eligible first home buyers and single parents to buy a home

The Home Guarantee Scheme (HGS) is administered by the National Housing Finance and Investment Corporation. The HGS includes the following Guarantees that help get eligible first home buyers and single parents into homes sooner:

 

First Home Guarantee

For first home buyers

Previously known as the First Home Loan Deposit Scheme, the First Home Guarantee aims to support eligible first home buyers through the opportunity to buy a home with only a 5% deposit and not pay Lenders Mortgage Insurance.

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Family Home Guarantee

For single parents

The Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a home, regardless of whether that single parent is a first home buyer or a previous homeowner. Eligible single parents can pay as little as a 2% deposit, and not pay Lenders Mortgage Insurance.

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Talk to us about the Home Guarantee Scheme

Our team are ready to help you through the application process. You can call us on 133 462 or hit the link below and fill in the short form to book an appointment. We can chat over the phone, or a mobile lender can come to you at a time that suits you.

 

How we can help you

Over 140 years of trust

We have been helping people buy homes and achieve their financial goals since 1880.

 

Customer focused

Our members are our shareholders. We strive to deliver them the best value, service and innovations.

Access Australia-wide

Digital technology so you can bank whenever, wherever.

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Damian and Elissa from Newcastle

Buying our first home with IMB

When Damian and Elissa were ready to buy their first home, things got tricky with their previous financial institution. “We quite quickly needed to get our finances sorted,” Damian says. “They weren’t clear on how much money we needed in order to get a loan and left out key details.”  

“As we got into the process, they said we’d need money upfront for lenders mortgage insurance, which threw a spanner in the works,” Elissa explains.

Damian and Elissa got in touch with Vanessa Muddiman, an IMB Mobile Lender in Newcastle. “Vanessa mapped out all the steps for us” says Elissa. “It really eased our minds to know that Vanessa was all over the process and going to let us know what to do at each step.”

With IMB, the couple had their loan application approved and have since moved into their new home. Vanessa has stayed in touch since and subsequently helped the couple take advantage of a lower interest rate on their mortgage. “That was really good because we were so busy at the time with our newborn that we didn’t even think to look at our rate. It was so fantastic of her to go above and beyond in that way,” Damian says.

 

Talk to a home loan specialist

They will answer any of your questions and assess your situation. This can be at your local branch, on the phone or we can come to you.

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Why choose us?

Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.

Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

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