What is the Family Home Guarantee?

2% deposit, no LMI for eligible single parents. Income/property caps apply.

Will banks accept FTB and child support as income?

Some lenders accept FTB 100%; others discount. Child support 80-100% with arrangement.

How much can I borrow on my single income?

$80K + FTB/CS + 5% via Family Home Guarantee: $400K-$550K typical.

I just separated. Should I wait until divorce is final?

Often no — establishing independence valuable. Lenders work with separation evidence.

Are halal home loans available with Family Home Guarantee?

Depends on Islamic provider participation in scheme. We confirm.

Home Loan Refinancing

Who this guide is for

Single mothers (and single fathers) in Australia wanting to buy a home — typically with reduced household income and dependent children.

Single mums with at least one dependent child
Recently separated mothers establishing independence
Returning to work after primary caregiving
Bangladeshi or multicultural single mothers needing language support

The local picture

Single income, child-related expenses, child support arrangements, and FTB income complications make single-parent home loans more complex. Most general brokers don't identify the schemes (like Family Home Guarantee) that significantly help.

How Mortgagefy helps locally

Mortgagefy works with single-mum buyers regularly. We confirm Family Home Guarantee eligibility, identify lenders that accept FTB income, and provide sensitive multilingual support.

Free advice.

How it works — 4 simple steps

Free single mum chat

20-minute discreet call about your situation and target home.

Confirm scheme eligibility

We confirm Family Home Guarantee and other scheme eligibility.

Compare lender options

We identify lenders flexible with single-parent applications.

Settle into your home

You move into your independent home with kids.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.

Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.

Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.

If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.

Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.

ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Talk to a single mum home loan specialist

Discreet, sensitive 20-minute call.

Start Your Free Assessment Call 0432 634 648

Get your personalised answer in 2 minutes

Free, no obligation. We'll match you with the right lender for your situation.

Model your scenarios: Use our free home loan calculators to estimate borrowing capacity, repayments, and savings.

Home Loan for Single Mums in Australia: Family Home Guarantee 2% Deposit