The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme.
The Family Home Guarantee (FHG) is for eligible single parents and eligible single legal guardians of at least one dependent, such as aunts, uncles or grandparents. Applicants can include those who are not first home buyers.
The purpose of the FHG is to support eligible single parents and eligible single legal guardians to buy a home. It does this by allowing Housing Australia to issue 5,000 guarantees each financial year to eligible single parents and eligible single legal guardians with a deposit of between 2 and
20% of the property value.
An eligible single parent or eligible single legal guardian is not required to be a first home buyer but must not own separate property at the time of settling a loan under the FHG. The single parent or single legal guardian must meet the eligible lender's credit assessment criteria.
You can find more information about the FHG and eligibility criteria on the Housing Australia Website.
To be eligible, home buyers applying for the FHG must have a minimum 2% deposit.
Australian citizens or permanent residents may apply.
Home buyers must be eligible single parents or eligible single legal guardians of at least one dependent.
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.
