The Family Home Guarantee is an exceptional opportunity for eligible single parents to achieve homeownership with as little as a 2% deposit. Designed for parents with at least one dependent child, this government initiative supports both first-time buyers and previous homeowners who don’t currently own property.
The Australian Government has extended the Family Home Guarantee through June 30, 2025, with 10,000 places available. For the 2024-2025 financial year, there are 5,000 spots allocated specifically for eligible single parents.
Typically, homebuyers with less than a 20% deposit must pay Lenders Mortgage Insurance (LMI), which can add thousands to your costs. Through the Family Home Guarantee, the National Housing Finance and Investment Corporation (NHFIC) guarantees up to 18% of your home loan from a participating lender, allowing you to:
Standard Home Purchase:
With the Family Home Guarantee:
As independent building consultants, our team at Emily Rose Homes specialises in helping single parents navigate this program when building a home. Our consultants work with experienced finance brokers who understand the Family Home Guarantee requirements, ensuring a smooth process from start to finish.
To qualify for the Family Home Guarantee, you must:
For official program details and eligibility requirements, visit the National Housing Finance and Investment Corporation website.
Ready to explore how the Family Home Guarantee could help you build your new Perth home? Get in touch with one of our building consultants today for a personalised consultation.
Information current as of March 2025. Terms, conditions, and eligibility criteria are subject to change. Please contact Emily Rose Homes for the most up-to-date information.
