First Home Guarantee

Your Key to Home Ownership

At Baku Homes, we believe everyone deserves the opportunity to own their dream home. That’s why we proudly support the First Home Guarantee – a government initiative designed to help eligible first home buyers enter the property market sooner with as little as 5% deposit, and no Lenders Mortgage Insurance (LMI).

What Is the First Home Guarantee?

The First Home Guarantee (FHBG) is part of the Australian Government’s Home Guarantee Scheme, managed by Housing Australia. Under this initiative, eligible first home buyers can purchase or build a new home with just a 5% deposit, while the government guarantees up to 15% of the property’s value—helping you avoid costly LMI.

How Baku Homes Helps You Qualify

Navigating government schemes can be overwhelming—but we’re here to simplify it for you. At Baku Homes, our expert consultants will guide you through:

Eligibility checks and application assistance
Choosing the right house and land package
Tailored finance options through trusted lenders
End-to-end support from contract to keys

Whether you’re buying your first home in Melbourne or planning to build from scratch, we make the process smooth and stress-free.

First Home Guarantee Eligibility Criteria

To qualify for the First Home Guarantee, you must:

Be an Australian citizen or permanent resident
Be a first home buyer
Intend to live in the property
Have a taxable income of up to $125,000 (single) or $200,000 (couple)
Have at least a 5% deposit saved
Meet the property price cap for your region

We’ll help you check your eligibility and make the process seamless.