January 2020 Communiqué

First Home Loan Deposit Scheme

01 January 2020

First Home Loan Deposit Scheme

Australian Military Bank is proud to announce that it has been selected by the National Housing Finance and Investment Corporation (NHFIC) to offer home loans under the Federal Government’s First Home Loan Deposit Scheme (the Scheme). 

Our selection as an approved lender to the Scheme will enhance our ability to help first home buyers enter into the property market whilst saving thousands of dollars by avoiding the cost of Lenders Mortgage Insurance (LMI).

“Acceptance into the Scheme enables us to help members of the Defence Community become homeowners,” Chief Executive Officer John Ford said.

“The First Home Loan Deposit Scheme is a great way of helping more members purchase a home sooner with increased upfront affordability. We have a long and proud history of helping members of the Defence Community to purchase their first home and this initiative from the Government will help us do it better.”  

The Scheme will support up to 10,000 loans each financial year and will be accessible to members through Australian Military Bank from 1 February 2020. 

For more information, including eligibility, visit: australianmilitarybank.com.au/FHLDS 


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