Scam alert: Increased reports of phone porting scams - Read more on how to protect yourself.
2023-12-22 2:05 pm
Scam alert: Increased reports of phone porting scams - Read more on how to protect yourself.
The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme, an Australian government initiative to support eligible single parents with dependents to purchase a home sooner.
You could be a home owner before you know it with our single parent home loan.
We know how hard it can be to save for a deposit as a single parent. That’s why we’ve signed on as an approved lender to the Australian Government’s home buyer initiative, the ‘Family Home Guarantee’.
The FHG provides eligible single parents with dependants the opportunity to obtain a home loan to build a new home or purchase an existing home with a deposit of 2 per cent, subject to lenders credit criteria.
From 1 July 2024, 5,000 Family Home Guarantees are available until 30 June 2025.
Eligible single parents or legal guardians with dependents looking to build a new home or purchase an existing home are able to apply for a single parent home loan to purchase an eligible property through a participating lender. The Family Home Guarantee is administered by Housing Australia on behalf of the Australian Government.
Housing Australia guarantees to a participating lender up to 18 per cent of the value of the property, provided the borrower has a minimum 2 per cent deposit, and is an eligible single parent or single legal guardian. This will enable single parents or legal guardians with dependants to enter, or re-enter, the housing market sooner.
You can check your eligibility below or view the Government’s Family Home Guarantee (FHG) Fact Sheet for more information. You can use the Government's eligibility tool to answer a series of questions to find out if you're eligible.
If you have any questions, call us on 132 888.
To qualify for the FHG scheme, you’ll need to meet the list of eligibility criteria below:
Be purchasing
Find out more about the eligibility criteria on the Family Home Guarantee website.
The First Home Guarantee (FHBG) provides eligible first homebuyers the opportunity to purchase their first home with a deposit of as little as 5 per cent.
