What is the Family Home Guarantee (FHG) scheme?

As an approved lender for the Australian Government’s Family Home Guarantee (FHG) Scheme , we can help eligible single parents to purchase a family home. You do not need to be a first home buyer to be eligible.

Under the FHG, you could build a new home or buy an existing home with as little as a 2% deposit.

The new Family Home Guarantee will provide 10,000 guarantees over four years to single parents with dependants commencing 1 July 2021.

If you’re a single parent interested in applying for the FHG, please register your interest below or speak with our Home Lending Specialists to discuss the options available to you.

Who is eligible for the Family Home Guarantee (FHG)?

To be eligible, you need to meet the following criteria:
  • You're an Australian citizen aged 18 years or over.
  • You earned less than $125,000 in the previous tax year. This doesn’t include child support payments.

  • You have a deposit of at least 2% of the value of the property (but less than 20%).

  • You intend to be the owner-occupier of the home. Investment properties are not supported by the FHG.

  • You’re a first home buyer or a previous owner who does not currently own a home. This means you do not currently have a freehold interest in real property in Australia, a lease of land in Australia, or a company title interest in land in Australia.

  • You’re a single parent with at least one dependent child. You’re not eligible if you are married, in a de facto relationship, or separated but not divorced.

  • You need to show that you’re legally responsible (either alone or jointly) for the day-to-day care, welfare and development of the dependent child and that the dependent child is in your care.

  • Alternatively, you need to show that you are the natural or adoptive parent of a child between 16 and 22 years of age, who receives a disability support pension and lives with you.

  • You must be the only name listed on the loan and the certificate of title.

What types of properties are eligible?

For a property to be eligible under the FHG, it must be a ‘residential property’. Eligible residential properties generally include:
  • An existing house, townhouse or apartment
  • A house and land package
  • Land and a separate contract to build a home
  • An off-the-plan apartment or townhouse

Property price thresholds

Limits apply to the maximum property purchase price for each state and region the property is located in. The property price thresholds for the FHG are the same as the First Home Loan Deposit Scheme.
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^Privacy Notice:

People’s Choice Credit Union is collecting the above information so that we may respond to your enquiry and provide information in relation to products and services we provide. We will only use this information, unless you are already a member or subsequently decide to obtain a service or product from us,  to respond to your enquiry and to contact you from time to time to provide you with information about services and products which may be of interest to you (including products and services of third parties). We may not be able to contact you if you do not provide to us this information. You can opt out of receiving direct marketing from us at any time. We disclose your personal information to relevant members of our staff. We may also disclose your personal information to agents, contractors, government agencies and bodies  who assist us in our dealings with you. Our Privacy Policy (which you can obtain at this link, in branch or by contacting us on 13 11 82 and asking for a copy) contains more information on how you can access and correct your personal information, how we use your personal information (including how to opt out of marketing), how to complain if you believe we’ve breached our privacy obligations, and how we deal with complaints. It also provides more detail on how we manage and protect your personal information if you are interested. People's Choice address is 50 Flinders St, Adelaide, 5000.