residential Finance•
30 October 2026
•4 min read
Navigating the 2026 First Home Guarantee (FHBG) Without LMI
How eligible Australian first-time buyers can purchase property with as little as a 5% deposit while avoiding tens of thousands in Lenders Mortgage Insurance.
Unlocking the 5% Deposit Scheme
The First Home Guarantee (FHBG) continues to be one of the most effective pathways onto the Australian property ladder. By partnering with the Australian Government, participating lenders waive the costly Lenders Mortgage Insurance (LMI) fee typically required for deposits under 20%.
Key Eligibility Criteria
- Australian citizen or permanent resident
- Minimum 5% genuine savings deposit
- Property price caps based on regional capital city thresholds
- Owner-occupier purchasing intent
Our brokers manage the allocation quota and streamline your pre-approval with authorized participating lenders.
