Eligible applicants will receive a limited guarantee from the Australian Government to purchase their first home with a deposit of as little as 5%
New Scheme places are released at the start of each financial year, with the latest release on 1 July 2020. NAB will support up to 5,000 customers to purchase their first home through the Scheme
Eligibility
All applicants must be First Home Buyers
Individual applicants must have earned less than $125,000 or $200,000 for couples in the last financial year
All applicants must be Australian citizens with either a valid Australian passport or proof of Australian citizenship
Applicants must have a deposit of between 5% and 20% of the property’s value
Your purchased property price must be within the property price threshold for the suburb and postcode
Permanent residents are not eligible
