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

The Family Home Guarantee can be used to build a new home or buy an existing home with a deposit of as little as 2%. Both first home buyers and previous home owners can apply.

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, aged 18 years or over. Permanent residents aren’t eligible
  • Single parent 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 must be the only name listed on the loan and the certificate of title.

For a comprehensive list of eligibility criteria, please read the Family Home Guarantee Fact Sheet.

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.

Mobile Banker

Our Mobile Bankers located in NSW can come to visit you at home, at work or wherever else is convenient for you.

Not ready to apply but simply wish to make an enquiry?

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