Find out if you're eligible

Together with our partners at Resolve Finance, we will guide you through the process

By submitting this form you are consenting to receive marketing communications from Homebuyers Centre in future, on the understanding that you have read and agree to our Privacy and Data Collection Statement and that you can opt-out at any time.

Unlock the Benefits of the Family Home Guarantee

Being a single parent or guardian doesn’t mean home ownership is out of reach. The Family Home Guarantee is designed to help single parents overcome the challenges of buying a home. This initiative supports those looking for home buyer programs and first time home buyer grants for single parents.

Enquire now 
array(0) {
}
string(9) "melbourne"

What is the Family Home Guarantee?

Introduced in 2021, the Family Home Guarantee is part of the Australian government’s Home Guarantee Scheme (HGS). This initiative aims to make owning a home more affordable. With 5,000 places confirmed between the 1st July 2024 to 30th June 2025, it stands as a significant opportunity to progress your dream to home ownership as a single parent or legal guardian.

array(0) {
}
string(9) "melbourne"

How the Family Home Guarantee Can Help You

1. Lower Deposit Requirements

The Family Home Guarantee reduces the deposit you need to save. Although most customers think they need a 20% deposit, but under this Guarantee, eligible single parents or single legal guardians only need to provide a 2% deposit. The Government covers up to 18% of the home loan as a guarantee and the balance will be provided by a home loan from one of the participating lenders where criteria is met, making it easier to enter the housing market.

array(0) {
}
string(9) "melbourne"

 

2. No Need for Lenders Mortgage Insurance (LMI)

For most home buyers, a deposit under 20% means paying Lenders Mortgage Insurance (LMI). However, participants of the Family Home Guarantee are exempt from this requirement, which lowers the overall cost of buying a home. This is particularly beneficial for home buying programs for single parents, including both single moms and single dads.

3. Enhanced Appeal to Lenders

With up to 18% of the home loan guaranteed by the Australian government, eligible single parents and single legal guardians become more appealing to lenders. This can lead to better loan options and easier access to financing, aligning well with enhancing financial security.

array(0) {
}
string(9) "melbourne"

Eligibility for the Victorian Family Home Guarantee

To check if you are eligible for the Family Home Guarantee, use the Housing Australia eligibility tool or speak to Homebuyers Centre’s in-house Resolve Finance team.

Learn more

array(0) {
}
string(9) "melbourne"

How to apply for the Family Home Guarantee?

The Homebuyers Centre’s in-house Resolve Finance team can assist you in checking your eligibility and guiding you through the application process. This is especially relevant for those seeking assistance as single parents or single guardians.

Take the first step toward building your new home with one of Melbourne’s most affordable home builders. Contact Homebuyers Centre’s New Homes Consultants today, particularly if you are interested in family home guarantee scheme eligibility and how to apply for the family home guarantee scheme.

array(0) {
}
string(9) "melbourne"

Current eligibility criteria:

  • Expanded from eligible single natural or adoptive parents with dependents to eligible borrowers who are single legal guardians such as aunts, uncles and grandparents.
  • Eligible borrowers can buy a home with 2% deposit, without paying lenders’ mortgage insurance
  • 5,000 places available per year until 30 June 2025.
  • Single person income limits and property value limits apply, as per First Home Guarantee.Other income into ‘family’ must be limited
  • Can not own a home currently
  • Available to permanent residents and Australian Citizens.

For more information on eligibility requirements, click here.

Information on this page does not consider your personal needs and financial circumstances and you should consider whether it is appropriate for you. Eligibility is at the discretion of State and/or Federal Government. To find out more click here. Please note this is a guide only, this information may be revised for 2023/24. All Financial services provided by Resolve Financial Solutions Pty Ltd trading as Resolve Finance ABN: 65 079 545 378 Australian Credit Licence No. 385487.

array(0) {
}
string(9) "melbourne"

Why do so many Homebuyers Centre customers use Resolve Finance?

Established in 1997 as part of the ABN Group, Resolve Finance has over two decades in the business. Resolve mortgage specialists have helped buyers secure loans for over 33,000 homes, becoming one of Australia’s undisputed leaders in their field. Hear from Resolve Finance mortgage specialist, Jamie, about the most frequently asked questions around financing your new home. 

Find out if you're eligible

Together with our partners at Resolve Finance, we will guide you through the process

By submitting this form you are consenting to receive marketing communications from Homebuyers Centre in future, on the understanding that you have read and agree to our Privacy and Data Collection Statement and that you can opt-out at any time.

Back to top