Home Guarantee Scheme
nounhome guar·an·tee schemepronounced HOHM GA-run-TEE SKEEM
Last reviewed 16 April 2026
What does the noun Home Guarantee Scheme mean?
A federal government scheme that allows eligible buyers to purchase a home with a deposit as low as 5% without paying Lenders Mortgage Insurance. The government guarantees the difference between your deposit and 20%.
How the noun Home Guarantee Scheme is used
We qualified for the Home Guarantee Scheme, which meant we only needed a 5% deposit and the government guaranteed the rest up to 20%.
Synonyms
HGS
Related words
Cite this entry
MLA citation: "Home Guarantee Scheme." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/home-guarantee-scheme. Accessed 30 May 2026.
Chicago citation: How to Property. "Home Guarantee Scheme." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/home-guarantee-scheme.
APA citation: How to Property. (2026, April 16). Home Guarantee Scheme. https://howtoproperty.com.au/definitions/home-guarantee-scheme