There’s more government help available to home buyers than most people realise, and it’s easy to miss because it’s spread across federal and state programs with different rules, eligibility and timing. Used well, this support can reduce or remove lenders mortgage insurance, cut your deposit, lower your upfront costs, or even contribute to the purchase itself.
The main forms of help include low-deposit guarantee schemes that let eligible buyers purchase with a small deposit and no lenders mortgage insurance, grants for new or newly built homes, stamp duty concessions or exemptions, a scheme that lets you save a deposit through super, and in some cases shared-equity programs where a government body takes a stake to reduce what you borrow. These vary by state, have income and property price caps, and change over time.
At Loanworx, we work out which government help you qualify for, how the different schemes fit together, and which lender offers them, because not every lender participates in every scheme. As an experienced finance broker, we work for you rather than for any single lender, so you claim everything you’re entitled to and apply through a lender that supports it.
Want to know what government help you qualify for? Call us on 1300 562 696 or get in touch and we’ll be back to you shortly.
Government support for buyers comes in a few distinct forms, and you can sometimes use more than one together. Here are the main categories.
These let eligible buyers, often first home buyers, purchase with a small deposit and no lenders mortgage insurance, by having part of the loan guaranteed. Places are usually limited and come with income and property price caps that vary by location and change over time.
Grants are often available for new or newly built homes, and many states offer stamp duty concessions or exemptions, particularly for first home buyers, which can save a substantial sum at settlement. The amounts and thresholds vary by state.
A federal scheme lets first home buyers save a deposit through super, and some states run shared-equity programs where a government body takes a stake in the property to reduce what you need to borrow. Eligibility and availability vary.
The challenge with government help isn’t that it’s unavailable, it’s that it’s fragmented, the rules change, and it’s easy to miss a program you qualify for or apply through a lender that doesn’t offer it. Many buyers leave real support on the table simply because no one mapped it out for them.
We check your eligibility across the current federal and state programs, work out how they fit together with your loan, and match you to a lender that participates in the schemes you want to use. The aim is for you to claim everything you’re entitled to, confirmed against the current rules.
Government help is one of many ways we make a purchase more achievable. Explore the other groups and professions we help below.
Medico home loans with LMI waived at high LVRs, plus rate and fee benefits for medical practitioners.
Home loan benefits and waivers available to registered nurses and midwives, including shift income.
Tailored home loans and LMI waivers for pharmacists and community pharmacy owners.
Professional home loan benefits and LMI waivers for qualified and chartered engineers.
LMI waivers and professional packages for solicitors, barristers and legal professionals.
Medico-tier home loans and LMI waivers for dentists, specialists and practice owners.
Full-doc and low-doc home loans for business owners and the self-employed.
Home loans with alternative income verification when standard payslips don’t fit.
Home loan options and waivers available to teachers and education staff.
Borrow up to 90% or more without lenders mortgage insurance, if you qualify.
Home loans structured for contract and day-rate IT professionals.
Government schemes can be valuable, but they come with conditions that decide whether you qualify and how much you benefit. These are the things that matter most.
Each scheme has its own rules, and they’re updated regularly. A program available last year may have changed caps, places or eligibility this year, and federal and state schemes differ.
We confirm the current rules for each scheme rather than relying on out-of-date information.
Most schemes apply income limits and property price caps, and the caps often vary by location. Sitting just over a threshold can rule you out of one scheme while another still applies.
We check the caps against your situation and the homes you’re looking at.
Some help, particularly grants, applies only to new or newly built homes, while other support applies to established properties too. What you’re buying affects what you can claim.
We factor the property type into which schemes are worth pursuing.
Not every lender participates in every scheme, and some schemes interact with your deposit, LVR and serviceability in specific ways. The scheme and the loan have to line up.
We match you to a lender that offers the schemes you want to use and structures the loan around them.
The property is the lender’s security, so its type, location and value feed into both the loan and your scheme eligibility, and many schemes have limited places or application windows. We flag anything about the property or timing that affects your eligibility, and recommend you confirm scheme details with the relevant authority before you commit.
Government help isn’t only about finding a grant. It’s about knowing which schemes you qualify for, how they fit together, and matching you to a lender that offers them. Here’s what working with us looks like.
We compare home loans across a broad panel of banks, second-tier lenders and non-bank funders, so you see a genuine spread of options rather than one lender’s offering. We match you to the lender most likely to approve at a competitive rate, which often isn’t the bank you already use.
Government help is scattered across federal and state programs, each with its own rules. We check your eligibility against the current schemes so you claim everything you’re entitled to, rather than finding out later you qualified for help you missed.
Not every lender offers every scheme. The value we add is matching you to a lender that participates in the schemes you want to use and structuring the loan around them, so the help actually flows through to your purchase.
For most home loans, Loanworx is paid an upfront and trail commission by the lender after settlement, and that commission typically does not change the rate or fees you pay. Where a fee for service applies to a more complex scenario, we disclose it in writing before any work begins. No surprises.
The main forms are low-deposit guarantee schemes that waive lenders mortgage insurance, grants for new or newly built homes, stamp duty concessions or exemptions, a scheme that lets first home buyers save a deposit through super, and in some areas shared-equity programs where a government body takes a stake to reduce what you borrow. These are a mix of federal and state programs, with their own eligibility, caps and timing, which we check for your situation.
Many are aimed at first home buyers, but not all. Some guarantee schemes have streams for other groups, such as single parents or regional buyers, and stamp duty concessions sometimes extend beyond first home buyers depending on the state. Eligibility varies and changes over time, so we work out which programs apply to your specific circumstances rather than assuming.
Often, yes. Buyers sometimes combine, for example, a low-deposit guarantee with a stamp duty concession, or a grant with another concession, depending on the rules. Not every combination is allowed, and the interactions can be specific. We work out which schemes you can stack and how they fit together with your loan.
Most do. Low-deposit guarantees, grants and concessions typically apply income limits and property price caps, and the caps often vary by location. Sitting just over a threshold for one scheme doesn’t necessarily rule out another. We check the current caps against your income and the homes you’re considering.
That’s exactly what we help with. Because the programs are spread across federal and state bodies and change regularly, it’s easy to miss one or misread the rules. We check your eligibility against the current schemes, explain how they fit together, and confirm the details, then match you to a lender that offers them.
Sometimes. Not every lender participates in every scheme, particularly the guarantee schemes, so the help you want to use can narrow the lender choice. We factor that in, matching you to a lender that both participates in your chosen scheme and offers competitive terms, so you don’t have to trade one off against the other.
Whether you’re a first home buyer or in a group with its own support, we’ll check your eligibility across the current schemes, explain how they fit together, and match you to a lender that offers them.
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