For many single mums, the dream of homeownership can feel out of reach. But with the right support, it’s more achievable than ever—thanks to the Australian Government’s Family Home Guarantee (FHG).
The FHG is designed to help eligible single parents with dependent children buy a home with just a 2% deposit, without the added cost of Lenders Mortgage Insurance (LMI). The government guarantees up to 18% of the property’s value, making it significantly easier to break into the market on a single income.
This initiative supports both first-time buyers and those who haven’t owned property in the past 10 years. To be eligible, applicants must be Australian citizens aged 18 or over, earning under $125,000 annually (excluding child support), and intending to live in the property as their main residence. Up to 5,000 places are available each financial year.
Eligible property types include both new and existing homes, and loans must be standard principal and interest (no interest-only periods).
To apply, single parents must go through a participating lender—such as Commonwealth Bank, NAB, or select regional banks and credit unions. Required documents include proof of income, ID, custody details, and deposit information.
For single mums juggling life’s expenses, the FHG offers a realistic pathway to housing security—without years of saving for a 20% deposit. It’s a powerful step toward financial confidence and a stable future for your family.
For more information, speak to your local lender or visit the NHFIC website.
