The paper claims ministers are considering plans drawn up by the Confederation of British Industry that propose a form of mortgage indemnity guarantee scheme.
If borrowers fall into arrears the MIG would cover the risk for the lender which should see first-time buyers able to take higher loan to value mortgages.
The plans also propose borrowers should be able to use money in their pension pots to boost deposits.
Earlier this year the Scottish government launched a similar scheme to help support first-time buyers.
