The Home Guarantee Scheme is a federal government program allowing eligible first home buyers to purchase with as little as 5% deposit without paying LMI. The government acts as guarantor for part of your loan. Income caps apply: $125,000 (singles) / $200,000 (couples). Property price caps apply by suburb. Places are limited each financial year. Paddy checks your eligibility, confirms current availability, and manages the application through participating lenders only.