5% Deposit Scheme for ADF Members

Understanding the 5% Deposit Scheme for ADF Members

At Defence Loans, we understand that buying a home is a significant milestone, especially for Australian Defence Force (ADF) members. The 5% Deposit Scheme for ADF Members offers an exciting opportunity to make this dream a reality. This initiative, part of the Home Guarantee Scheme (HGS), allows eligible ADF members to access Home Loan options from banks and lenders across Australia with a deposit as low as 5%. This Australian Government initiative aims to support eligible first home buyers or those who haven't owned a property in the past decade. With the chance to buy or build your home sooner, it’s important to explore how this scheme can benefit you.

The 5% Deposit Scheme for ADF Members is designed to ease the path to home ownership by reducing the financial barriers typically associated with buying a home. One of the primary advantages is the ability to bypass lenders mortgage insurance (LMI), which can significantly reduce the overall cost of purchasing a property. This scheme allows you to purchase a new or existing home with a low deposit, provided you meet the eligibility requirements. Applicants must be Australian citizens or Permanent Residents, at least 18 years of age, and hold a valid Medicare card. Additionally, the purchased property must fall within the price caps set for each state and be an acceptable property type.

Understanding your borrowing capacity is crucial when considering how much you can afford to spend on a home. The loan amount you can secure will depend on various factors, including financial commitments. The 5% Deposit Scheme for ADF Members helps bridge the gap between your savings and the required deposit, making it easier to secure a Home Loan application and proceed with purchasing your home.

Interest rates play a significant role in determining your monthly repayments and overall loan cost. By accessing Home Loan options through this scheme, you may find competitive interest rate offerings from various banks and lenders across Australia. This can lead to substantial savings over the life of your loan. Furthermore, once approved in the scheme, you have 90 days to purchase a home, providing a clear timeline to finalise your decision and complete the necessary arrangements.

The 5% Deposit Scheme for ADF Members also extends support to eligible single parents or legal guardians with at least one dependent child. This inclusive approach ensures that more ADF members can benefit from the scheme, regardless of their family circumstances. It’s important to note that applicants must have a deposit of between 5% and 20% of the property’s value, aligning with the scheme’s guidelines. Additionally, price caps vary by state, so it’s vital to check these details based on your desired location.

To summarise, the 5% Deposit Scheme for ADF Members provides a valuable opportunity for eligible ADF members to access Home Loan options with a reduced deposit requirement. This initiative supports buying a home sooner by eliminating lenders mortgage insurance costs and offering competitive interest rates.Whether you’re purchasing your first home or re-entering the market after ten years, this scheme offers tangible benefits that can help you achieve your home ownership goals. Reach out to Defence Loans today to learn more about how we can assist you in accessing this valuable scheme and taking the next steps toward owning your home.

Reviews for Defence Loans

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Didi Sapin

We had a great experience working with Nick on our mortgage refinance. From the start, Nick showed a really strong level of knowledge and experience when it came to structuring the loan and explaining the options available to us. He was very easy to talk to, relatable, and always responsive whenever we had questions or needed something clarified. What really stood out was how proactive and prompt he was in taking action on our requests. His team was also fantastic — everyone we dealt with was professional, organised, and clearly worked well together to keep things moving smoothly. The whole process felt well managed and we were really happy with the outcome and the structure put in place for us moving forward. We genuinely enjoyed working with Nick and appreciate the support he and his team provided throughout the process. We would absolutely recommend Nick to anyone looking for a knowledgeable and reliable broker, and we look forward to working with him again for our next phase. Thanks again Nick, Ray & Team

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mark duggan

We approached Azura Financial regarding a refinance for our mortgage after years with the same big bank. The team at Azura put together a package with another bank without any stress or hassles on our end, we can not thank Carl and Nick enough they did all the work for us. They had everything done and settled in no time with a package that suited our needs. We highly recommend the team at Azura.

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Louise Griffiths

Carl and the team have been fantastic. I've used them twice - for my first home purchase and again more recently for a refinance. I both highly recommend them and would use them again.

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Nitin Jain

Nick is very good and had been really helpful with our journey. Highly recommend

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Madeline Prichard

Nick was fantastic to work with. He went above and beyond to secure a loan for us in an extremely tight timeframe. All aspects of his work and communication were very professional - would highly recommend!!

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Anthony Scotts

Awesome guys to deal with, my financial request was not easy and Nick was all over it from day one. You would be crazy not to deal with these guys !

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Jared Ridler

Big thanks to Carl for your help through the process! Made it all a breeze with clear quick communication and got us into our new home!

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Alexander Dongas

Got referred by my general manager. Got me in touch with Carl. To say the least - absolute pleasure. This guy knows it all; he’s confident, knows his role, never heard the man stutter. He wants what’s best for you, answers every question, ...

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Assad Hamid

My unconditional approval was rejected just two days before settlement in Aug 2025, and you can imagine the pressure at that stage. Luckily My team refer me to Azura Team and there I e- meet Mr. Carl Elsass. He took the case under his wings and after submitting requested documents in just two days I got unconditional approval and also refinance of one of my unit to make the settlement possible. He really did the work like he is doing for himself. This is only I can feel through out the process. I definitely recommend Azura for their dedicated support and very soon I will be getting into the next one. Thanks Azura for helping the community.

Frequently Asked Questions

Can you only help with Home Loans?

We specialise in a range of lending solutions including Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and many other financing options tailored to ADF members' unique needs. Whether you're looking to purchase your first home, build a custom property, invest in real estate, or finance a vehicle, we have the expertise and lender relationships to help you secure the right loan.

What fees should I expect when working with Defence Home Loans?

Our mortgage broking service is typically completely free to you as our clients, as we receive our commission payments directly from the lenders once your loan successfully settles. We maintain complete transparency throughout the entire process by clearly explaining all potential costs upfront and ensuring you have a full understanding of any fees or charges before we proceed with your application.

Do I need to provide different documentation as an ADF member?

ADF members often have complex income structures including various allowances and deployment pay that civilian mortgage brokers may not understand, but we specialise in presenting these effectively to lenders. We'll provide expert guidance on gathering the right documentation including payslips, allowance statements, and deployment records to showcase your complete financial picture in the strongest way.

Are your mortgage brokers licensed and accredited?

All of our mortgage brokers hold full accreditation and maintain active membership with the Mortgage and Finance Association of Australia, meeting the highest industry standards. Our team has earned a reputation for being extremely professional while providing exceptional service across lending options, specifically understanding the unique circumstances of current and former ADF members.

Can I apply for a home loan while deployed overseas?

Absolutely - our advanced online technology platform works seamlessly with ADF members regardless of where you're currently stationed around the world. We can manage the entire loan application process remotely, maintaining regular communication and updates throughout your deployment to ensure everything progresses smoothly.

What happens to my loan application if I get posted to a new location?

We completely understand that regular postings and relocations are an integral part of ADF life and plan accordingly when structuring your application. We work with lenders who are familiar with military requirements and can structure loans that accommodate potential moves and the unique flexibility that Defence personnel need.RetryClaude can make mistakes. Please double-check responses.