The Family Home Guarantee (FHG) is an initiative from the Australian Government that aims to support eligible single parents or single legal guardians with at least one dependent child in purchasing a home. It is administered by Housing Australia under the Home Guarantee Scheme (HGS).
5,000 Family Home Guarantees will made available each financial year (up to 30 June 2025). Eligible borrowers can use the FHG in conjunction with other government programs like the First Home Super Save Scheme, and relevant state and territory first home owner grants and stamp duty exemptions (find out more about those here).
If you’re eligible for the Family Home Guarantee you can buy or build a home with a deposit as low as 2%, without paying Lenders Mortgage Insurance (LMI), regardless of whether you are a first home buyer or a previous home buyer.
Usually, homebuyers with less than a 20% deposit need to pay Lenders Mortgage Insurance. Through the Scheme, Housing Australia will “guarantee” the difference in deposit for the lender, which means Lenders Mortgage Insurance is not required.
The section titled "Eligibility Criteria" below details the main eligibility criteria. You can find out more at the Housing Australia website to check your eligibility.
Book an appointment online, by calling 133 462, or at your local IMB branch.
Once you’ve received conditional approval from IMB, we will collect the documents required for eligibility and reserve your Guarantee place.
You now have 90 days to purchase your new home after you’re approved for the Family Home Guarantee.
To apply for the Family Home Guarantee, you will be subject to the following eligibility criteria. You need to be able to provide documentation of your eligibility to secure your Guarantee. Head to Housing Australia for more eligibility details.
Eligibility criteria includes:
For a property to be eligible it must be a residential property. Eligible residential properties generally include:
Property price thresholds also apply, based on where you buy. Search the property price threshold for a suburb or post code at Housing Australia
For complete information on eligibility, property types and more from Housing Australia, click on the information guide links below or head to Housing Australia website.
* Includes single natural or adoptive parents with at least one dependent. A Legal guardian is as appointed by the court, with court issued documentation supporting guardianship (ie. Guardianship order).
Our team of specialists are ready to help you with your application. Book an appointment online or give us a call on 133 462. We can even come to you.
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* Includes single natural or adoptive parents with at least one dependent. A Legal guardian is as appointed by the court, with court issued documentation supporting guardianship (ie. Guardianship order).