September 28, 2022

Are you trying to move out of your current living situation? Or perhaps you are trying to build a better life for your family through property? If so, you may be eligible for the Family Home Guarantee, which may give you the extra push you need to purchase the property.

The Family Home Guarantee is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government and has intentions to assist eligible individuals in purchasing property sooner.

Dad and Daughter

What is the Family Home Guarantee?

The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme, an Australian Government initiative to support eligible home buyers who purchase a home sooner.  It aims to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous homeowner.

How does the Family Home Guarantee work?

The NHFIC guarantees part of an eligible first-home buyer’s home loan from a participating lender under the Family Home Guarantee Scheme.

Eligible buyers are able to purchase a home with a minimum 2% deposit without paying Lender’s Mortgage Insurance (LMI). The maximum guarantee of a home loan under this scheme is 18% of the property value, as per the lender’s assessment.

Who is eligible for the Family Home Guarantee?

The Family Home Guarantee (FHG) has criteria that determine your eligibility to apply. These factors are:

  • Must be a single parent: The individual must be legally single – not married, in a de-facto partnership or separated but not divorced
  • Must have at least one ‘dependent’ child: This requires that you are the birth or adoptive parent of and responsible for the day-to-day care of a child;
    • Under the age of 21,
    • A full time-student (in university or college) aged 21-24,
    • 16-22 years old with disability support pension, who lives with you.
  • Must be at least 18 years of age

Furthermore, FHG applicants do not only have to be first-home buyers. They can also be previous owners who currently do not have property. This includes not having;

  • A freehold interest in real property in Australia
  • A lease of land in Australia
  • A company title interest in land in Australia
Can the Family Home Guarantee help you buy a home? - Lendi

What types of properties are eligible for the Family Home Guarantee?

There are a multitude of residential properties available within eligibility for the FHG. Eligible residential properties include:

  • An existing apartment, house or townhouse
  • An off-the-plan apartment or townhouse
  • A house and land package
  • Land and a separate contract to build a home

St Trinity has a wide variety or brand-new apartments and off-the-plan apartments available for purchase, which are within eligibility for the Family Home Guarantee.

How do I apply for the Family Home Guarantee?

Applications for the Family Home Guarantee (FHG) can be made directly with a Participating Lender or their authorised representative, such as a mortgage broker.

A deposit is required if your application is approved. You need to have at least 2% of the value of the property saved as a deposit.


The Family Home Guarantee enables families of eligibility to purchase property quicker, as the deposit percentage required is low. FHG allows single parents to make moves in the housing market when they need a place to call home, despite not having a standard 10-20% deposit as is usually needed to buy property.

For more information or advice on the Family Home Guarantee and all things property, contact our team at St Trinity by enquiring below.

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