Family Home Guarantee
The Family Home Guarantee is an Australian Government initiative administered by Housing Australia, designed to help eligible single parents and single legal guardians buy a family home sooner. You don’t need to be a first home buyer to access this scheme.
With a minimum 2% deposit, the Government guarantees up to 18% of the property value — meaning you can avoid paying Lenders Mortgage Insurance (LMI). There is no annual cap on the number of places available.*
For more information on the Family Home Guarantee scheme, please visit the official Housing Australia website.
Administered by Housing Australia on behalf of the Federal Government, the Family Home Guarantee allows eligible single parents and single legal guardians to apply for a home loan with just a 2% deposit. The Government guarantees up to 18% of the property value to cover the standard 20% deposit threshold — meaning you avoid paying LMI.
From 1 October 2025, the property price caps were updated. In Queensland, the cap for Brisbane, Gold Coast and Sunshine Coast is $1,000,000, and the cap for other areas of Queensland is $700,000.
The scheme is broader in scope than most first home buyer schemes. In addition to building a new home (land and build contract), house and land packages and off-the-plan purchases, it also enables eligible borrowers to purchase an existing house, apartment or townhouse.
For more information on the Family Home Guarantee scheme, please visit the official House Australia website.
*The information on this website regarding grants and schemes provided by Hallmark Homes is for general information purposes only. It is not financial advice. Consult with qualified financial advisors for personalised guidance.
Free Download!
Building your first home – An essential guide.
"*" indicates required fields
"*" indicates required fields
