The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme, an Australian Government initiative to support eligible home buyers purchase a home sooner.
It is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government.
The FHG aims to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous home owner.
Under the FHG, part of an eligible first home buyer’s home loan from a Participating Lender is guaranteed by NHFIC. This enables an eligible buyer to purchase a home with as little as a 2% deposit without paying Lenders Mortgage Insurance.
Any Guarantee of a home loan is for up to a maximum amount of 18% of the value of the property (as assessed by your lender). This Guarantee is not a cash payment or a deposit for a home loan.
From 1 July 2022 to 30 June 2025, 5,000 places are available each financial year to eligible single parents with dependents.
View the Family Home Guarantee Fact Sheet to learn more.
To be eligible to apply for the FHG applicants must:
For the purposes of the Social Security Act 1991, you must show that you are legally responsible (whether alone or jointly with another person) for the day-to-day care, welfare and development of the dependent child and the dependent child is in your care.
Family Home Guarantee applicants can be either first home buyers or previous owners who do not currently own a home.
To be eligible, you must not currently have:
For more information and to discuss individual circumstances, contact a Participating Lender.
Under the FHG, a property must be a ‘residential property’ to be considered eligible. Eligible residential properties include:
Use the postcode search tool to look up the property price caps for your location.
Specific timeframes and criteria apply to the different property types. Contact a Participating Lender for a full list of property criteria and FHG requirements.
Depending on the property type purchased, different criteria and timeframes may apply to a Guarantee place.
To be eligible for the FHG, the contract of sale and (if applicable) eligible building contract may have specific dates when they can be signed by the home buyer. There are no exceptions to these required dates.