08/08/2026
🏡 Still waiting until you have a 20% deposit?
You may not have to!
Many first home buyers are surprised to learn that there are government schemes and lender options that may allow you to purchase your first home with a much smaller deposit.
At Ozrich Finance, we'll help you:
✔ Explore your first home buyer options
✔ Understand available government incentives
✔ Find the right lender for your situation
✔ Make your home ownership dream a reality
If you're referring to first home buyer options in Australia (2026), here are the main assistance programs and lending options available.
1. First Home Guarantee (5% Deposit Scheme)
Buy a home with as little as a 5% deposit.
No Lenders Mortgage Insurance (LMI), provided you meet the scheme requirements.
Available to eligible first home buyers and subject to property price caps.
2. First Home Owner Grant (FHOG)
A one-off government grant for eligible buyers purchasing or building a new home.
The amount and eligibility vary by state or territory.
3. Stamp Duty Concessions
Many states and territories offer:
Full stamp duty exemption.
Partial concession.
Concessions vary depending on the property's value and location.
4. Guarantor (Family Guarantee) Loan
A family member uses the equity in their property as additional security.
Can allow borrowing up to 100% (or more including costs) without paying LMI.
Available through a number of major lenders.
5. Low Deposit Home Loans
Borrow with a 5–10% deposit.
LMI generally applies unless covered by a government scheme or waived by the lender.
6. Professional (Medico) Home Loans
Some lenders offer:
Up to 90–95% LVR with no LMI for eligible medical professionals such as doctors, dentists, pharmacists, veterinarians, and certain allied health professionals.
7. Construction Loans
If you're building your first home:
Progress payment construction loans.
Eligible buyers may also qualify for the First Home Guarantee (if applicable) and the FHOG for new builds.
8. Shared Equity Schemes
Some state governments offer shared equity programs where the government contributes part of the purchase price, reducing the amount you need to borrow.
💡 At Ozrich Finance, you’re not just a transaction—you’re a valued partner in the journey to achieving your dreams.
📞 Ready to take the next step? Let’s chat today and make your home ownership or investment goals a reality.
☎️Call us at +61 430 458 729
Email us at: [email protected]
Visit us: https://ozrichfinance.com.au/
Alternatively, feel free to pick a spot on my calendar
https://calendly.com/ozrichfinance/30min?month=2023-08
