The 2% Deposit Scheme for Single Parents

So, what’s the deal?

The Family Home Guarantee is here to make buying a home doable — even on a single income.

Here’s how it works:

• You only need a 2% deposit
• The government guarantees the other 18%
• You skip Lenders Mortgage Insurance (which can cost thousands)
• It’s available even if you’ve owned property in the past
• You must be living in the home you’re buying

Who’s eligible?

To apply, you’ll need to meet these criteria:

• Be a single parent or legal guardian with at least one dependent
• Be applying as an individual (not a couple)
• Be an Australian citizen or permanent resident
• Be 18 or older
• Earn $125,000 or less per year
• Plan to live in the home
• Not own any other property at the time of purchase

You don’t need to be a first-home buyer — just make sure you’re not a current property owner.

A few things to keep in mind:

• Property price caps apply depending on where you're buying — use the gov postcode tool to check your area.

• Only 5,000 spots are available each year — so don’t wait too long!

• You’ll need to apply through a participating lender or through a mortgage broker

How we can help

Buying a home solo doesn’t mean doing it alone.

Our team can:

• Check if you’re eligible
• Explain your options in plain English
• Help you apply through the right lender
• Support you the whole way

Let’s make this happen for you.

Take our Pre-Qualifier to see what’s possible

or Book a quick chat with our team