AusSchemes is not a government service. This information is general in nature and may not reflect the most recent eligibility rules or amounts. Always confirm details on the official source before applying.
Family Home Guarantee
Allows eligible single parents and single legal guardians with at least one dependent to purchase a home with a deposit as low as 2%, without paying Lenders Mortgage Insurance.
Indicative amount
2% deposit; avoids LMI
Indicative amount only — confirm on the official page
What you get
Government guarantees up to 18% of the loan so you only need a 2% deposit. Applies to both new and existing homes. Includes non-first home buyers who have owned property before.
Who it's for
Relevant life events: buying home, separation
How to apply
1. Apply through a participating lender. 2. Provide evidence of single parent or guardian status and at least one dependent child. 3. Confirm income is below $125,000/year.
Documents you may need
- Proof of single parent or guardian status
- Children's details
- Income documentation
Informational only — confirm exact requirements on the official page.
You will be taken to www.housingaustralia.gov.au
Last reviewed by AusSchemes: 20 April 2026