Qualified Mortgage Broker • Since 2012

First Home Buyers – Don’t Have a 20% Deposit? No Problem!

You can now buy your first home with just a 5% deposit — and pay no Lenders Mortgage Insurance (LMI), thanks to the First Home Guarantee Scheme.

Hi, I’m Tane Taiaroa.

I’ve been a qualified mortgage broker since 2012, with a strong focus on helping first home buyers navigate the market and access government schemes like the First Home Guarantee. Just like you’d choose a lawyer who specialises in family law over a corporate lawyer, it’s just as important to work with a mortgage broker who specialises in first home buyers — because not every broker has the same level of expertise in this area.

  • No LMI
    Avoid Lenders Mortgage Insurance with the First Home Guarantee.
  • No stamp duty (up to your state’s threshold)
    Potential savings depending on your state and price caps.
  • Just 5% deposit
    Get into the market sooner without 20% down.
  • Unlimited places and higher property price caps for first home buyers from 1 October 2025
    Find Out If You Qualify

Eligibility and lending criteria apply.

Who is eligible?

Requirements vary by Guarantee type. In general:

  • Citizenship: Australian citizen(s) or permanent resident(s).
  • Income:No Income Caps
  • Deposit: Minimum 5% (FHBG/RFHBG) or 2% (FHG).
  • Property ownership: FHBG/RFHBG require you to be a first home buyer or not have owned in the last 10 years. For FHG, no other property at settlement.
  • Owner-occupier: You must live in the property (no investment loans).
  • Loan type: Principal & Interest with a participating lender, up to 30 years (plus up to three years to build).
  • Applicant type: FHBG/RFHBG allow single or joint (maximum two). FHG is for single parents/guardians with dependants.
  • Minimum age: 18+.

Unlimited places & higher property price caps from 1 October 2025

Housing Australia welcomes the Australian Government’s expansion of the Home Guarantee Scheme (Scheme) with unlimited places and increased property price caps to help more Australians to buy their first home, sooner.

From 1 October 2025, the Scheme will remove limits to the number of Government guarantees available, giving all Australian first home buyers the chance to enter the market with a deposit of as little as 5% and avoid Lenders Mortgage Insurance.

This expanded Home Guarantee Scheme delivers on the Government’s election commitment to support all Australians into home ownership.

What’s changing from 1 October 2025?

  • No place limits: all Australian first home buyers who have saved a 5% deposit can apply.
  • No income caps: first home buyers with higher incomes can access the Scheme.
  • Higher property price caps: to help home buyers where property prices have increased.
  • Simpler access in regional areas: Regional First Home Buyer Guarantee will be replaced by the First Home Guarantee.

Client feedback

Scroll to read more reviews
“Discovery Home Loans saved us - Never deal with a Bank again Tane at Discovery Loans was incredible , I previously dealt with banks and if you are a company, self employed even slightly different to a regular employee the they drown you in paperwork, delays and red tape Tane is a straight shooter & cut through everything , did all of the background time consuming stuff in a matter of days , made us feel confident in what we could ask for and we could honestly share our info etc without fear of being rejected or triggering a red flag , Not only did he find more borrowing power than we expected to have , he also got us a lower rate & I think no fees at all , and it was all done start to finish in a couple of weeks , in the end it was us that slowed it down because we were not ready , This is the opposite every awful bank experience I’ve ever had with my mortgages I would seriously give 6 stars if that was an option , he really saved us” — Keri TTrustpilot 21st September 2025
“I was very impressed with Tane professionalism , through every step and communication was unreal , Tane has done to date three home loans for me and I would highly recommend him , Thanks Tane” — Paul Weir Trustpilot 24 Aug 2025
“Thanks again Tane! We have used Tane for our last 2 purchases as well as 2 re-finance processes. We cannot recommend Tane highly enough — we are small business owners with a complicated proof of income and Tane has always guided us through confidently, clearly and informatively. We will not consider anyone else when it comes to our next mortgage consideration. Thanks as always Tane!” — Sam & Kate Trustpilot 14 Aug 2025
“Tane made every purchase easy — even when others failed. We've used Tane to arrange finance for the last 4 properties we have purchased, and every time he has delivered outstanding service. He kept us informed throughout the entire process and made everything as smooth and stress-free as possible. He was able to secure finance for us when other brokers could not. Highly recommend.” — Jaimee Hood Trustpilot • 9 Jul 2025
“Good service, good advice. Tane has done a good job.” — Michelle Trustpilot • 24 Jun 2025
“Discovery Home Loans my number one choice. Tane has been amazing. Not only has he provided us with the best home loan on offer to suit our needs but his communication and knowledge is brilliant. Kept us up to date on all progress and made documentation easy. His ability to access more lenders has given us more opportunity. Highly recommend — 5 stars from us.” — Owen Hood Trustpilot • 8 Jun 2025
“Thanks Discovery home loans. We have used Discovery home loans to purchase 2 properties,it has been a smooth process on each occasion and always well informed on every aspect of acquiring the loans.highly recommended!” — Andy McIvor Trustpilot • 4 Jun 2025
“First class Discovery Home Loans. I worked with Tane for a home loan for an apartment. He was on my side for the entire transaction. He answered every question with ease and found me the best deal there was. He is an above and beyond broker. Highly recommend!” — Kyle Goldsworthy Trustpilot • 30 May 2025
“Tane was so professional and kept us informed the whole time. He got us the loan when I had very little hope in getting one. I could not recommend a better broker, he really made our year!!!” — Alicia
“Have used many Brokers in the past and after going through a horrible financial fraud Tane was a lifesaver to me. Saved me from a horrible situation and I couldn't recommend him highly enough. An absolute pleasure to deal with in every way. Five stars is not enough. Graham” — Graham
“Tane was so helpful throughout the whole process, I would highly recommend him. Always explained the process so I could understand as this was my first home to own. Top bloke. Thanks Tane.” — Paul
“Tane was absolutely fantastic!! If I can give him 100 out of 10 I would! Right from the beginning he was extremely professional and very easy to talk to and work with. It was my first home loan and I asked probably stupid questions since I didn't know much, he answers every single one them even when I repeated the same questions. He was so patient and so eager to help me. In my opinion he went above and beyond! I couldn't have asked for a better broker! He is a true asset to your company! Value him well and I will certainly recommend him to others and I will certainly use him as my broker for my next home adventure! I cannot praise him enough for his fantastic service from the beginning right till the end. Thank you Tane, I will never forget your kindness and professionalism!!” — Cindy
“Tane knew what he was talking about and was able to understand our requirements and find a package that suited our needs.” — Michelle
“Very professional and knowledgeable. Could answer all my questions; completely satisfied with the recommendation.” — Maria
“Tane made a complicated deal go through very easily. Thanks Hashching and a special thanks to Tane.” — Sondal
Recommend Broker (0–10 rating): 10. Customer comments: “Great communication friendly, understanding, not pushy Letting me make the decision.” — Client Goldie
Recommend Broker (0–10 rating): 10. Customer comments: “Very professional and knowledgeable gent.” — Client William
Recommend Broker (0–10 rating): 10. Customer comments: “Easy to deal with and enthusiastic. It helps when you have limited knowledge about the steps in the application process.” Tane Just made me feel so comfortable, optimistic and excited about the whole process. I have never done anything like this before and Tane was enthusiastic and so knowledgeable! — Client Mariella
Broker’s knowledge of home loan market: Very Good. How likely to recommend broker (0–10): 10. Customer comments: Tane Taiaroa, great person to go though and he is still in touch even after the settlement went though. — Client Samantha

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