What is the Family Home Guarantee?

The Family Home Guarantee is an Australian Government initiative that aims to support eligible single parents with at least one dependent child in purchasing a family home.

 From 1 July 2021, 10,000 Family Home Guarantees will be made available over four financial years to 30 June 2025, to eligible single parents with at least one dependent child, subject to their ability to service a loan.

The Family Home Guarantee can be used to build a new home or purchase an existing home with a deposit of as little as 2 per cent, regardless of whether that single parent is a first home buyer or a previous home owner.

Information about the Schemes, price caps, eligibility requirements, and how to apply can be found on the following websites:

Family Home Guarantee https://www.nhfic.gov.au/what-we-do/family-home-guarantee/

If you are eligible for Family Home Guarantee scheme, please contact SJ Mortgage Solutions, and we can help you to secure a place in this scheme and to purchase your first dream home.