Family Home Guarantee (FHG)

The FHG is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible home buyers to buy a home sooner.

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. This enables an eligible home buyer to purchase a home with as little as 2% deposit without paying Lenders Mortgage Insurance.

Refer to the FHG Fact Sheet and Information Guide for full details.

FHG Fact Sheet FHG Information Guide

Make an appointment with a MyState Bank lender to start your application

Who is eligible?

Check your eligibility using the Housing Australia Eligibility Tool - a short questionnaire to help home buyers identify which Guarantee/s they may be eligible for.

Generally to apply for the FHG, home buyers must be:

  • Australian citizens or permanent residents who are at least 18 years of age.
  • Must be a single parent or single legal guardian of at least one dependent. A parent or legal guardian is not single if they are married or in a de facto relationship. NB: a person who is separated but not divorced is not single.
  • The single parent or single legal guardian must have a taxable income that does not exceed $125,000 per annum for the previous financial year as shown on the Notice of Assessment (issued by the Australian Taxation Office). NB: Child support payments are not included as income for the purpose of the income cap.
  • Applicants who intend to be owner-occupiers of the purchased property.
  • At the time of the home loan agreement, applicants must not hold a separate interest in property in Australia (including owning land), a lease of land in Australia or a company title interest in land in Australia, or, if they do hold such an interest at that time, either must not intend to hold that interest from settlement of the property being purchased or hold that interest as joint tenant or tenant in common in the property to which the loan relates, and intend to become the sole registered owner of the property as a result of the loan.

Property price thresholds

Use the Property Price Cap Tool to look up the property price thresholds by suburb or postcode.