Compare the eligibility criteria for our first home pathways below.

Click here for more information on the first home pathways.

If you are not a first home buyer but a single parent, single over 50s or domestic violence victim survivor, please click here.

Eligibility Criteria

   
    Home Guarantee Scheme*2  
  Shared Equity Home
Buyer Helper*1
First Home Guarantee
(FHBG)
Regional First Home Buyer Guarantee (RFHBG) Family Home Guarantee
(FHG)
First Home Buyer
Advantage Plus*3
Who is eligible?

Australian citizens or permanent residents4

First home buyers employed as key workers

Single parent of a dependent child or children

Single person aged 50 or above

Victim-survivors of domestic and family violence incident within the last 5 years

Australian citizens or permanent residents4

Individual or joint applicants5

Either first home buyers or previous homeowners who haven’t owned a property in Australia in the last 10 years

Australian citizens or permanent residents4

Individual or joint applicants5

Either first home buyers or previous homeowners who haven’t owned a property in Australia in the last 10 years

At least one borrower must have lived in the regional area or adjacent regional area for the previous 12 months

Australian citizens or permanent residents4

Single parents or single legal guardians who do not currently own a property or do not intend to own a separate property when they settle on the home

Australian citizens or permanent residents4

First home buyers

Purchase location NSW only Australia-wide Australia-wide Australia-wide Australia-wide
Minimum deposit 2% 5% 5% 2% 5%
Income threshold Up to $93,200 for singles and $124,200 for couples Up to $125,000 for singles and $200,000 for couples Up to $125,000 for singles and $200,000 for couples Up to $125,000 N/A
Property price caps Yes, property price caps for the purchase location can be viewed here. Yes, property price caps for the purchase location can be viewed here. Yes, property price caps for the purchase location can be viewed here. Yes, property price caps for the purchase location can be viewed here. No
Asset limits Yes, asset limits can be viewed here. No No No No

 Key benefits

   
    Home Guarantee Scheme*2  
  Shared Equity Home
Buyer Helper*1
First Home Guarantee
(FHBG)
Regional First Home Buyer Guarantee (RFHBG) Family Home Guarantee
(FHG)
First Home Buyer
Advantage Plus*3
Government’s contribution to equity Yes, new home up to 40%, existing home up to 30% in exchange for an interest in the property No No No No
Avoid Lenders Mortgage Insurance (LMI) Minimum 2% deposit required Minimum 5% deposit required Minimum 5% deposit required Minimum 2% deposit required Minimum 20% deposit required
Option of third party guarantee to avoid/reduce LMI No No No No Yes3
Annual fee Waived Waived Waived Waived Waived
Establishment fee Waived Waived Waived Waived Waived
Settlement fee Waived Waived Waived Waived Waived
Valuation fee Waived - for one property only Waived - for one property only Waived - for one property only Waived - for one property only Waived - for one property only
Unity Bank legal fee Waived Waived Waived Waived Waived

Home Loan calculators

Use our Home Loan calculators to determine the amount you can borrow and monthly repayment amounts.

Find out all the latest rates for our Home Loans

We are here to help

* Credit eligibility, terms and conditions, additional fees & charges may apply. New loans only. Valuation fee waived for one property only.

All information including interest rate is subject to change.

1. Unity Bank is a participating lender for the NSW Government’s Shared Equity Home Buyer Helper Scheme. Under this Government scheme, the Government can contribute up to 40% of the price of a new home or 30% for an existing home, in exchange for an equivalent interest in the property. The Government’s interest is secured by a second registered mortgage. While you remain eligible under the Scheme you do not have to make repayments towards the Government’s share, until you sell the property. The information on this page is correct at the time of publishing but may change at any time without notice to you, including as a result of changes to the Scheme by the Government. Scheme eligibility criteria also applies. Restrictions and other obligations apply after purchase. To find out more click here. Target Market Determination available here.

2. Unity Bank is authorised to offer the Australian Government’s Home Guarantee Scheme, under which the Government guarantees up to 15% of the value of the property (FHBG and RFHBG) and up to 18% for FHG. The Guarantees are not cash payments or deposits for your home loan. For more information click First Home Guarantee (PDF), Family Home Guarantee (PDF) and Regional First Home Buyer Guarantee (PDF). Target Market Determination available here.

3. Only available for first home buyers. Minimum home loan balance $150,000. Maximum loan period 30 years. Interest rate calculated daily charged monthly. For third party guarantees, credit eligibility applies to guarantor and guarantor must grant Unity Bank a mortgage over their property as security.

4. For Shared Equity Home Buyer Helper and Home Guarantee Scheme, permanent residents include New Zealand citizens for the purposes of citizenship applications only.

5. Joint applicants may include partners, friends, siblings, and other family members.