2022 First Home Deposit Scheme

Picture of a wooden front door with a glass window on a yellow house.

The 2022 National First Home Deposit Scheme (NFHDS) parameters have now been set and lenders participating in the scheme are now starting to reserve places. The NFHDS allows first home buyers to borrow up to 95% of their property value with no lenders mortgage insurance being applicable, meaning substantial savings in mortgage premiums and interest over the life of the loan. 

In regional NSW the good news is that the price cap has now lifted on new and established homes to $600,000, recognition that our market has experienced a big increase in prices.

To get yourself ready for acceptance into the scheme, we strongly recommend that you lodge your tax returns as soon as possible in the new financial year as your approval won’t be formalised until such time as your notices of assessment are provided by the ATO.

We have access to a number of lenders that are participating in the scheme and are here to guide you towards the right lender for your needs and situation.

For single applicants to pass the income test, a maximum income of $125,000 per annum applies; for couples the income threshold rises to $200,000.

You must be an Australian citizen and you must be able to evidence that you have saved or held a  minimum 5% deposit


We are based on the beautiful Coffs Harbour coast and we offer a complimentary home loan broking service.

Make an appointment today for an obligation-free chat, to talk about what you need and how we can help.

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