The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible home buyers purchase a home sooner. QBANK is proud to support the Family Home Guarantee (FHG) to help single parents purchase a home sooner.
| Home Loan | Loan to Value Ratio | Interest Rate | Comparison Rate* |
| Special Offer Classic Variable | <98% | 7.24% PA | 7.26% PA |
| 3 Year Fixed^ | <98% | 6.89% PA | 7.75% PA |
1 To be eligible for the above rates, a salary credit of at least $1,500 per month must be deposited into your QBANK transaction account. New lending only.
The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible single parents or eligible single legal guardians of at least one dependent to buy a home sooner. It is administered by Housing Australia on behalf of the Australian Government.
The FHG aims to support eligible single parents or eligible single legal guardians of at least one dependent to buy a home, whether that single parent or single legal guardian is a first home buyer or a previous homeowner. From 1 July 2023 – 30 June 2024, 5,000 FHG places are available.
Under the FHG, part of an eligible home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. This enables an eligible home buyer to purchase a home with as little as 2% deposit without paying Lenders Mortgage Insurance.
For the FHG, any Guarantee of a home loan is for up to a maximum amount of 18% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan.
If you would like to know more about the Scheme including eligibility criteria please download the Family Home Guarantee (FHG) Information Guide and the Family Home Guarantee (FHG) Fact Sheet or visit the Housing Australia Website. For more information about QBANK Home Loans (including credit eligibility criteria, terms and conditions, fees and charges) please visit our Home Loan Key Fact Sheet.
Terms and Conditions apply to home loans and are provided with our loan offer. Fees and charges apply.
Interest rates current as at 24 November 2023 and are subject to change without notice.
Fact Sheets are available here.
Target Market Determination is available here.
If you would like to know more about the FHG please visit www.housingaustralia.gov.au
*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rate displayed is calculated based on a loan amount of $150,000 over a 25 year term.
^ After the expiry of the fixed rate period, the interest rate changes to QBANK’s Classic Variable Home Loan Product Rate (currently 8.09%p.a. for Owner Occupier | 8.11%p.a. Comparison Rate and 8.44%p.a. for Investor | 8.52%p.a. Comparison Rate).
