How does the Home Guarantee Scheme work?
Housing Australia works with Participating Lenders to facilitate loans to eligible home buyers who meet income eligibility thresholds and other eligibility criteria and don’t have the 20% deposit typically required for a home loan.
Eligible home buyers can apply for a loan through a Participating Lender, such as Beyond Bank, who has been authorised by Housing Australia to participate in the HGS.
https://www.beyondbank.com.au/need-help/how-does-the-home-guarantee-scheme-work