Gateway is proud to support the Australian Government on the Regional First Home Guarantee (RFHBG) to help more regional home buyers reach their dream of home ownership sooner.
Whether you are looking for a no-frills low interest rate, or the full package with money-smart features, we've got you covered with a Gateway home loan. Register your place now.
The RFHBG is an Australian Government initiative that supports regional home buyers to purchase a home in a regional area with a deposit of as little as 5% without the need for Lender's Mortgage Insurance, or LMI. Housing Australia will then provide a guarantee to the lender covering up to 15% of the property’s value.
From 1 October 2022, 10,000 RFHBG places will be available per financial year until 30 June 2025. Gateway Bank is one of the participating lenders appointed by Housing Australia to offer the RFHBG to customers/home buyers.
Find out if you meet the Regional First Home Guarantee eligibility criteria. Please note that this tool is provided as a guide only and does not guarantee that you will receive either a RFHBG place or a loan from Gateway Bank.
Use Housing Australia's regional checker to confirm if your area is defined as regional.
Is the property purchase price within the threshold for your property’s suburb and postcode? You can check this using Housing Australia’s property price threshold tool.
Things you should know:
Please note that the number of available Scheme places are limited each financial year and applying with Gateway Bank does not guarantee a successful application.
Rates advertised apply to principal and interest repayment types only. Gateway reserves the right to vary these interest rates at any time. Interest rates quoted are for new lending only. Existing borrowers should contact Gateway to discuss their requirements. Comparison rates are calculated based on a loan amount of $150,000 over a 25 year term. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Applications for finance are subject our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.
Please note that we are not able to provide Construction Loans under the Home Guarantee Scheme.