The First Home Loan Deposit Scheme (FHLDS) is a Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent. This allows first home buyers to avoid paying Lenders Mortgage Insurance when borrowing with between 5% to 20% deposit. The Scheme will support up to 10,000 loans each