Simplify Your Home Buying Journey
Your Home, Your Journey—Simplified
Whether it’s your first home or your next, we make the process easy and stress-free. Take advantage of Government concessions, save on stamp duty and reduce Mortgage Insurer premiums with our expert guidance.
Guiding You Home with Ease and Expertise
Low Deposit Options
Government Grant Assistance
Maximise your available benefits.
Step-by-Step Guidance
Why New Home Owners Trust CVG Finance
We match you with the best lenders.
Quick approvals and minimal paperwork.
Over 70 years of industry experience.
Got Questions? We’ve Got Answers!
What government concessions are available to first home buyers?
In New South Wales, there are three main grants and schemes available to assist first home buyers, each with specific eligibility criteria. Full details can be found at revenue.nsw.gov.au/grants-schemes/first-home-buyer, and CVG Finance is here to help you navigate the available options.
1. First Home Buyers Assistance Scheme (FHAS):
This scheme offers a full or partial exemption from transfer (stamp) duty when purchasing your first home—whether it’s a house, townhouse, or apartment. Property value and borrowing limits apply.
2. First Home Owner’s Grant (FHOG):
A $10,000 grant is available when you buy or build your first brand new home to live in. Eligible properties include newly built homes, off-the-plan purchases, or substantially renovated homes such as houses, townhouses, apartments, or similar. Property value limits apply.
3. Home Guarantee Scheme:
This scheme supports eligible buyers in purchasing or building a new home with as little as a 5% deposit—or just 2% for eligible single parents—without the need to pay lenders’ mortgage insurance.
CVG Finance can guide you through the eligibility criteria and application process to help you make the most of these opportunities.
How much of a deposit do I need to buy my first home?
You may be able to purchase your first home with a deposit as low as 5%. However, you’ll still need to meet the lender’s full assessment criteria. If you’re not eligible for a first home buyer scheme or do not have a parental guarantee, Lender’s Mortgage Insurance (LMI) may apply.
LMI is a policy that protects the lender—not the borrower—when the loan amount exceeds 80% of the property’s value. The cost of the premium can typically be added to your loan amount. At CVG Finance, we can guide you through your options and help you explore the most suitable path to home ownership.
Can my parents help me to purchase a house?
If you’re in the fortunate position to receive a financial gift from a parent, this can help reduce your borrowing amount—as long as you have at least 5% in genuine savings. Alternatively, a family member may be able to provide a security guarantee, subject to the bank’s approval criteria. This option can help you avoid paying Lender’s Mortgage Insurance (LMI).
Every situation is different, so speak with CVG Finance to explore the best solution for your circumstances.
Blogs
First Home Buyers are Stepping Back in
A key change to home lending is on the way – and it may influence how much some borrowers can access in 2026.
New lending limits may affect borrowing power
A key change to home lending is on the way – and it may influence how much some borrowers can access in 2026.
Govt deposit schemes opening doors for buyers
Getting a foot on the property ladder is often hardest at the deposit stage, but two major federal schemes are widening the options for buyers with smaller deposits.