Who Offers Trusted Low Deposit Home Loans in the Macarthur Region?

Buying your first home can feel out of reach when you’re saving for a large deposit, but the Australian Government 5% Deposit Scheme makes it easier than ever to get started.

At Macarthur Home Loans, we help eligible first home buyers across Campbelltown, Narellan, Oran Park, and the Macarthur region access this government home loan scheme, which allows you to purchase a property with as little as 5% deposit and no Lenders Mortgage Insurance (LMI).

We’ll guide you through the eligibility criteria, paperwork, and lender options — making your path to home ownership simpler, faster, and stress-free.

Macarthur Home Loans is an authorised credit representative (numbers 477472 and 562608) under Connective Credit Services Pty Ltd (ABN 51 143 651 496).

What is the Australian Government 5% Deposit Scheme?

The First Home Guarantee (often referred to as the 5 percent deposit scheme) is a federal government initiative designed to help eligible first home buyers enter the property market sooner.

Under this low deposit scheme, the Australian Government acts as a guarantor for up to 15% of your loan, allowing you to:

Buy your first home with as little as 5% deposit
Avoid Lenders Mortgage Insurance (LMI), saving thousands in upfront costs
Access competitive rates through participating lenders
Purchase a new or existing property within scheme price caps

At Macarthur Home Loans, we’ll confirm your eligibility, compare approved lenders, and help you apply with confidence.

Who is Eligible for the 5 Percent Deposit Scheme?

Eligibility is based on several key criteria, including:

First home buyer status — you must be either buying your first home, or not owned property in the last ten years and are looking to buy a property that you will live in.
Australian citizenship or permanent resident with a Medicare Card (for all applicants)
Minimum 5% deposit (genuine savings)
Property price caps depending on your location

We’ll assess your situation against the most recent government criteria and ensure your application meets every requirement.

How Does the Government Home Loan Scheme Work?

Here’s how the process works with Macarthur Home Loans:

We Check Your Eligibility – We review your income, deposit, and property plans.
We Compare Lenders – We access 30+ lenders, including those approved for the 5 percent deposit scheme.
We Guide You Through the Application – We handle all paperwork, ensuring compliance with scheme and lender requirements.
We Support You to Settlement – We liaise with lenders and conveyancers until you have the keys to your new home.

From your first consultation to settlement day, you’ll work directly with Diane or Alan Yeates, ensuring personalised, clear, and caring support at every step.

Benefits of the 5 Percent Deposit Scheme

This government home loan scheme is designed to make home ownership more achievable. Benefits include:

Buy sooner — enter the market with as little as 5% deposit
Save on costs — avoid paying Lenders Mortgage Insurance (LMI)
Access more lenders — through a network of participating institutions
Government-backed confidence — with secure, compliant lending options
Local guidance — through a trusted Macarthur-based brokerage

We make sure you not only qualify for the scheme — but that your loan structure supports your long-term financial success.

Where We Help - Campbelltown, Narellan and the Macarthur Region

We proudly support first home buyers across Campbelltown, Narellan, Camden, Gregory Hills, Harrington Park, and Oran Park.

As locals ourselves, we understand both the property landscape and the needs of first home buyers in the Macarthur region.

We’ll match you with a lender who participates in the scheme and ensures you make the most of your low deposit home loan opportunity.

Meet Diane and Alan Yeates

As the husband-and-wife team behind Macarthur Home Loans, Diane and Alan Yeates bring decades of experience helping local families achieve their property dreams.

Diane’s expertise in mortgage broking ensures every scheme application is accurate and compliant, while Alan’s approachable, practical guidance makes the process easy to understand.

Together, they’re trusted by first home buyers throughout the Macarthur region for their personal service and community-focused approach.

Why Choose Macarthur Home Loans for Low Deposit Loans?

Access to 30+ lenders, including government scheme participants
Specialised expertise in first home buyer and low deposit lending
Local knowledge of Macarthur property values and price caps
Transparent advice — we’ll explain every step in plain English
Ongoing support after settlement to review and optimise your loan

We’ll make sure you don’t just buy your first home — you buy it with confidence.

Frequently Asked Questions About the 5 Percent Deposit Scheme

Q1: What is the difference between the First Home Guarantee and the 5% Deposit Scheme?
The Australian Government’s 5% Deposit Scheme replaced the First Home Guarantee by broadening eligibility. It removed the income caps and lifted the property price caps, meaning that more people and more properties can benefit from it.

Q2: Do I need to pay Lenders Mortgage Insurance (LMI)?
No — the government guarantees up to 15% of your loan, so you won’t pay LMI even with a low deposit.

Q3: Can I buy an existing home?
Yes — the scheme covers both new and existing properties, within approved price limits.

Q4: What if I don’t qualify?
There are other low deposit options available, such as Family Guarantee Loans or First Home Super Saver schemes. We’ll help you explore every pathway.

Q5: Are your services free?
Yes. In most cases, our service is free for clients. We’re paid by the lender once your loan settles, ensuring our advice is always unbiased and transparent.

Why Macarthur Home Loans?

At Macarthur Home Loans, we help first home buyers across Campbelltown, Narellan, and the Macarthur region access the Australian Government 5% Deposit Scheme — making home ownership achievable sooner.

With personalised advice and step-by-step support, we make the low deposit home loan process simple, clear, and stress-free.