First Home Loan Deposit Scheme


Record low interest rates and fewer lending restrictions mean there’s never been a better time to build!

However, things are getting even MORE interesting; from January 2020 a new government scheme will allow 10,000 first home buyers to build a new home with as little as 5% deposit on a “first-in, best- dressed” basis.

Being prepared is key for the First Home Buyers scheme.

When it comes to being more prepared and to ensure you can realise the dream of owning your first home, the key is to access the right information, support and guidance. Offering exclusive loan products, planning advice and solutions to MOJO customers, MyChoice Home Loans can work with you to ensure you are financially in a position to pursue your goals and dreams.

First Home Loan Deposit Scheme

First Home Loan Deposit Scheme

MyChoice Home Loans has exclusive access to the First Home Loan Deposit Scheme through Mortgageport who were one of the first lenders appointed by the National Housing Finance and Investment Corporation (NHFIC) to provide these loans.

MyChoice Home Loans' specialist team are determined to help first homeowners turn their home building dreams into a reality, through providing great rates to support the numerous government grants available.


Secure your first home in 3 simple steps

MyChoice Design Studio-5 Steps
Finance & Government Scheme Assistance

The First Home Loan Deposit Scheme will help you build your first home sooner. Get started today, 'Reserve your place' in the scheme with the assistance of MyChoice Home Loans.   

MyChoice Design Studio-5 Steps

We can help you find a desirable block of land in your desired estate. And don't forget, MyChoice Conveyancing offer $0 conveyancing services and support for MOJO customers!

MyChoice Design Studio-5 Steps
NEW House

Once you have found your block of land, we can help you find your dream home! PLUS with MOJO MORE inclusions that leave nothing out, you will enjoy a fixed price upfront, with no surprises!


To see if you’re eligible for the scheme, click on the fact sheet below.

Plus, check out further information on additional grants & schemes available.

Everything that was promised was delivered, on time and on budget. We knew we were in safe hands with MOJO. 

Martin Giardina

Please complete the enquiry form and someone from our team will be in contact within 24 hours to talk to you about your MyChoice Home Loans enquiry.

Alternatively you can call a consultant.

Sydney - 02 8311 4400

Hunter - 02 4036 3600

South Coast - 02 4204 8800

+Finance to approved applicants only. Interest rates are correct as at the 1 Feb 2020 and are subject to change.
*Comparison rate calculated on a loan of $150,000 over 25 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison costs. Costs such as redraw fees, early repayment fees and costs savings such as fee waivers are not included in comparison rate but may influence the cost of the loan. Credit advice is provided by MyChoice Home Loans Pty Limited who is Authorised Credit Representative No 485 273 of Mortgageport Management Pty Limited (Australian Credit Licence Number 386360)