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Family Home Guarantee Scheme Explained: 2% Deposit for Single Parents
First Home Buyer

Family Home Guarantee Scheme Explained: 2% Deposit for Single Parents

By the Mortgagefy Team · Published · Last reviewed

Single parents can buy a home with 2% deposit and zero LMI — and you don't need to be a first home buyer. Here's who qualifies in 2026.

Mortgagefy Broker Team 15 April 2026 8 min read
2%
Minimum deposit required
5,000
Places available per year nationally
$900K
NSW property price cap

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The Family Home Guarantee (FHG) is one of Australia's most useful — and least known — home buying assistance schemes. It's specifically for single parents (or single legal guardians) with at least one dependent child, and unlike almost every other first home buyer scheme, it does not require you to be a first home buyer.

If you were previously married, owned a home in the relationship, and have since separated — you may qualify even though you've owned property before.

What Is the Family Home Guarantee?

The FHG is a federal government scheme administered by Housing Australia. The government guarantees 18% of your home loan, meaning you only need a 2% deposit and no LMI is required. Your effective LVR from the lender's perspective is 80% — so LMI is never triggered.

Example: On a $750,000 home, you need just $15,000 deposit. Without the FHG, a 2% deposit ($15,000) at 98% LVR would trigger LMI of approximately $30,000+. The scheme eliminates this entirely.

Eligibility Requirements 2025–26

CriteriaRequirement
Applicant typeSingle parent OR single legal guardian with at least one dependent child
Income thresholdUp to $125,000/year (taxable income)
First home buyer required?No — previous homeowners can qualify if they don't currently own property
CitizenshipAustralian citizen or permanent resident
Property typeResidential — new or established
NSW price cap$900,000
IntentOwner-occupier (must live in the property)
Places5,000 nationally per financial year

Who Counts as a "Single Parent"?

For FHG purposes, you must be a single parent at the time of application — meaning you are not in a married or de facto relationship. This includes:

  • Divorced or separated parents
  • Widowed parents
  • Parents who have never been in a relationship
  • Single legal guardians (e.g., grandparent raising grandchildren)
Important: If you are in a de facto relationship, even if you live separately from your partner, you do not qualify as a single parent under this scheme. Housing Australia may request supporting documentation.

The "Previously Owned" Exception

This is the most significant difference between the FHG and the First Home Guarantee. Under the FHG, you can have previously owned a property — as long as:

  • You do not currently own residential property (in Australia or overseas)
  • You are purchasing as an owner-occupier

This is transformative for separated parents. If you owned a home in a previous relationship and it was sold or transferred in the settlement, you can potentially re-enter the property market using the FHG with only a 2% deposit.

Family Home Guarantee single parent Australia

How to Apply

Applications are made through a participating lender — not directly with Housing Australia. Not all lenders participate. Your mortgage broker can identify which participating lenders are currently accepting FHG applications and have available places.

  1. Contact a participating lender or mortgage broker
  2. Confirm your income, deposit amount, and property price range
  3. Lender checks your FHG eligibility with Housing Australia
  4. A guarantee place is reserved for your application
  5. You proceed with a standard home loan application
  6. At settlement, the government guarantee activates — no LMI is charged

Combining FHG with Other Grants

If you are a first home buyer who also qualifies as a single parent, you may be able to combine the FHG with:

  • NSW stamp duty exemption — if property is under $800,000 and you've never owned before
  • First Home Owner Grant ($10,000) — for new builds under $600,000, if first home buyer

If you have previously owned property (the re-entry case), stamp duty exemption will not apply — but the FHG 2% deposit / no-LMI benefit still does.

Frequently Asked Questions

No. The FHG requires you to be single — meaning not in a marriage or de facto relationship. If you are in a de facto relationship, you do not qualify, regardless of living arrangements.
Yes — your dependent child must be in your care. Housing Australia may request evidence of custody or guardianship arrangements.
No. The FHG requires you to move into the property as your principal place of residence. Investment intent disqualifies you.
There is no buffer — the income threshold is a hard cut-off. Even $1 over $125,000 disqualifies you. Taxable income (not gross income) is assessed. Salary sacrifice arrangements and reportable fringe benefits may be counted — check with your accountant.
The FHG requires you to occupy the property as your principal residence. There is no fixed minimum period legislated under the scheme, but departing too quickly could trigger scrutiny. The intent at purchase must be genuine owner-occupier use.
Mortgagefy Broker Team
Mortgagefy Broker Team
Mortgage Broker — Mortgagefy, Sydney

our broker team has helped separated parents and single parents access the FHG when they thought they'd permanently missed their chance to buy. Call 0432 634 648 for a free eligibility check.

Are you eligible for the Family Home Guarantee?

Free check with our broker team — he'll confirm eligibility and find you a participating lender with available places.

Call 0432 634 648

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