Understanding the Family Home Guarantee Scheme.
For many single parents, buying a home can feel out of reach — especially when trying to balance rising property prices with the challenges of saving for a deposit. The Family Home Guarantee (FHG) Scheme, introduced by
For many single parents, buying a home can feel out of reach — especially when trying to balance rising property prices with the challenges of saving for a deposit. The Family Home Guarantee (FHG) Scheme, introduced by
the Australian Government, is designed to change that. It gives eligible single parents a pathway into homeownership sooner, with a much smaller deposit.
As trusted mortgage brokers in Perth, our role at Amplified Lending Solutions is to help local families understand how this scheme works and guide them through the finance and application process.
What is the Family Home Guarantee?
The Family Home Guarantee helps eligible single parents (with at least one dependent child) buy a home with as little as a 2% deposit, without paying Lenders Mortgage Insurance (LMI). Normally, buyers would need at least a 20% deposit to avoid LMI — which can run into tens of thousands of dollars.
The National Housing Finance and Investment Corporation (NHFIC) guarantees up to 18% of the property’s value, so lenders treat it as if you had a 20% deposit. This makes borrowing more achievable and affordable for Perth home buyers trying to get onto the property ladder.
Who is eligible?
To qualify for the Family Home Guarantee, you must:
Both first home buyers and previous homeowners (who do not currently own property) may be eligible. A good finance broker in Perth can help you work out if you meet the criteria.
What type of property can you buy?
The scheme can be used to purchase:
As trusted mortgage brokers in Perth, our role at Amplified Lending Solutions is to help local families understand how this scheme works and guide them through the finance and application process.
What is the Family Home Guarantee?
The Family Home Guarantee helps eligible single parents (with at least one dependent child) buy a home with as little as a 2% deposit, without paying Lenders Mortgage Insurance (LMI). Normally, buyers would need at least a 20% deposit to avoid LMI — which can run into tens of thousands of dollars.
The National Housing Finance and Investment Corporation (NHFIC) guarantees up to 18% of the property’s value, so lenders treat it as if you had a 20% deposit. This makes borrowing more achievable and affordable for Perth home buyers trying to get onto the property ladder.
Who is eligible?
To qualify for the Family Home Guarantee, you must:
- Be a single parent with at least one dependent child.
- Be an Australian citizen (permanent residents are not currently eligible).
- Be aged 18 years or older.
- Earn no more than $125,000 taxable income per year.
- Intend to live in the property (it must be owner-occupied).
Both first home buyers and previous homeowners (who do not currently own property) may be eligible. A good finance broker in Perth can help you work out if you meet the criteria.
What type of property can you buy?
The scheme can be used to purchase:
- Existing houses, townhouses, or apartments
- House and land packages
- Land with a contract to build a home
Why is this scheme so valuable?
For many of our Perth finance clients, and clients across Australia, this scheme provides the chance to buy a home sooner than they thought possible.
Things to keep in mind
Final thoughts
The Family Home Guarantee is a powerful tool for single parents who thought homeownership was out of reach. By reducing the deposit hurdle and removing LMI, it provides a genuine opportunity to create stability and a home for their family.
At Amplified Lending Solutions, we’re proud to support Perth home buyers, and beyond, by providing expert guidance and access to over 40 lenders. Whether you’re a first home buyer, an upgrader, or someone exploring your options under the Family Home Guarantee, our team of friendly and experienced mortgage brokers in Perth can help you find the right home loan.
📞 Contact us today to learn how we can help you secure your home sooner.
Visit the Housing Australia site here
- Low deposit entry – Get into the market with just 2% deposit.
- Avoid LMI – Saving potentially thousands in upfront costs.
- Pathway to security – Homeownership can offer long-term stability for single-parent families.
For many of our Perth finance clients, and clients across Australia, this scheme provides the chance to buy a home sooner than they thought possible.
Things to keep in mind
- Places in the scheme are limited each financial year.
- Not all banks are participating lenders
- Normal lending criteria still apply — your borrowing capacity, credit history, and financial situation will be assessed by the lender.
- You’ll need to ensure you can manage ongoing mortgage repayments.
Final thoughts
The Family Home Guarantee is a powerful tool for single parents who thought homeownership was out of reach. By reducing the deposit hurdle and removing LMI, it provides a genuine opportunity to create stability and a home for their family.
At Amplified Lending Solutions, we’re proud to support Perth home buyers, and beyond, by providing expert guidance and access to over 40 lenders. Whether you’re a first home buyer, an upgrader, or someone exploring your options under the Family Home Guarantee, our team of friendly and experienced mortgage brokers in Perth can help you find the right home loan.
📞 Contact us today to learn how we can help you secure your home sooner.
Visit the Housing Australia site here
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