First Home Guarantee (FHG)
nounFirst Home Guar·an·teepronounced FERST HOHM GA-rən-tee
Last reviewed 16 April 2026
What does the noun First Home Guarantee (FHG) mean?
A federal scheme that allows first home buyers to purchase with a deposit as low as 5% without paying Lenders Mortgage Insurance. The government guarantees the difference between your deposit and 20% to the lender.
How the noun First Home Guarantee (FHG) is used
Thanks to the First Home Guarantee, we only needed a 5% deposit and didn't have to pay LMI — the government covered the gap up to 20%.
Synonyms
FHG
Related words
Cite this entry
MLA citation: "First Home Guarantee (FHG)." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/first-home-guarantee-fhg. Accessed 29 May 2026.
Chicago citation: How to Property. "First Home Guarantee (FHG)." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/first-home-guarantee-fhg.
APA citation: How to Property. (2026, April 16). First Home Guarantee (FHG). https://howtoproperty.com.au/definitions/first-home-guarantee-fhg