The Family Home Guarantee is an Australian Government scheme that helps single parents buy a family home.

The Family Home Guarantee (FHG) is for eligible single parents or eligible single legal guardians of at least one dependent, including those who are not first home buyers. A single parent under the Scheme is one who is either divorced or has never been married. Parents who are not divorced or are in a de facto relationship are ineligible.

The purpose of the Family Home Guarantee (FHG) is to support eligible single parents or single legal guardians of at least one dependent, on a pathway to home ownership. It does this by allowing Housing Australia to issue up to 5,000 guarantees for each of the 2022-23, 2023-24 and 2024-25 financial years to eligible single parents with a deposit of between 2 and 20 per cent of the property value.

An eligible single parent or single legal guardian is not required to be a first home buyer but must not own property at the time of entering a loan under the Family Home Guarantee. The single parent or legal guardian must meet the eligible Australian Mutual Bank’s credit assessment criteria.

By taking advantage of the Family Home Guarantee:

  • You won’t need to pay lenders mortgage insurance, saving you up to $32,800*
  • You only need as little as 2% deposit
  • You can save thousands in interest by no longer needing to add the cost of mortgage insurance to your loan*

* Savings are estimated based on using an LMI premium calculator for a 95% LVR loan on a property valued at $950,000

calculator and home

Am I eligible?

The following eligibility criteria apply:

  • Australian citizen or permanent resident, aged 18 years or over
  • Single parent or single legal guardian with at least one dependent living with you
  • Have earned $125,000 or less last financial year

Property requirements

  • You cannot currently own a home, but you can have owned a home before.
  • You have at least a 2% deposit to contribute towards your property purchase.
  • The single parent or single legal guardian must be the only name listed on the loan and the certificate of title.

You can find more information about the FHG and eligibility criteria on the Housing Australia Website.

How do I apply?

The application process is made simple and easy. Loan applications can be submitted online and Scheme places are strictly limited.

Once received we will assess your loan for suitability and whilst doing so temporarily reserve a Scheme place for you for a period of 10 days.

Once we have verified that you meet our lending requirements and the requirements set out by the Scheme, your loan will be approved and we will go about securing you a Scheme place for a further 90 days.


How to apply

Apply Online

Ready to apply or you simply want a conditional pre-approval? Get started online in under 10 minutes.


A home loan specialist will answer all your questions and help move your application along.

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