First Home Loan Deposit Scheme: How Kandid Loans Helps First-Time Buyers in Sydney

When it comes to preparing for a sizable down payment, purchasing your first home can be both thrilling and intimidating. Fortunately, the First Home Loan Deposit Scheme (FHLDS), now known as the Home Guarantee Scheme, is designed to help eligible first-time buyers enter the property market sooner, with as little as a 5% deposit and no Lenders Mortgage Insurance (LMI). At Kandid Loans, our role as an independent mortgage broker in Sydney is to guide you through this process and help you secure the right loan with confidence.

What is the First Home Loan Deposit Scheme?

The First Home Loan Deposit Scheme is an Australian Government initiative that allows eligible first-home buyers to purchase a home with a deposit of just 5%, while the government guarantees the remaining 15% to meet the typical 20% deposit requirement. This guarantee helps buyers avoid the cost of Lenders Mortgage Insurance, which can save thousands of dollars.

The scheme has specific eligibility criteria, including:

  • Australian citizenship

  • At least 18 years old

  • Earning under $125,000 (single) or $200,000 (couple)

  • First-time homebuyer who hasn’t previously owned property

  • Buying an eligible property within the price caps for your region

How Kandid Loans Can Help

Navigating home loan applications and government schemes can be confusing. That’s where Kandid Loans steps in. As your trusted independent mortgage broker in Sydney, we work for you — not the banks — to find loan options that best suit your financial situation.

Here’s how we help:

  • Determine if you qualify for the First Home Loan Deposit Plan.

  • Compare over 30 lenders to find competitive interest rates and flexible loan features

  • Handle paperwork and communication with the bank so you can focus on finding your dream home

  • Provide expert advice tailored to your goals and lifestyle

Especially for first-time buyers, we are dedicated to make the home financing process easy, clear, and stress-free. 

Why Use an Independent Mortgage Broker in Sydney?

As an independent mortgage broker, Kandid Loans provides unbiased guidance based on your needs — not sales targets. We have access to a wide range of loan products that aren’t always available directly from lenders. This means better loan options, smarter strategies, and a smoother path to home ownership.

Plus, our services are completely free for borrowers — we’re paid by the lender once your loan settles.

Ready to Buy Your First Home?

The First Home Loan Deposit Scheme has helped thousands of Australians achieve their homeownership dreams sooner — and it could help you too. With the right broker by your side, navigating the process becomes much easier.

If you're a first-time buyer looking for support with the First Home Loan Deposit Scheme, talk to Kandid Loans — your trusted independent mortgage broker in Sydney.

📞 Get in touch today for a free consultation and find out how close you are to owning your first home.

Read More: https://kandidloans01.blogspot.com/2025/06/why-refinancing-your-mortgage-could-be.html
Location: The Hills Shire Council, NSW, Australia

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