Gateway Bank is one of the select lenders able to offer access to the Family Home Guarantee, to support eligible single parents with at least one dependent child, to enter, or re-enter, the property market.


The Family Home Guarantee is an initiative from the Federal Government to help single parents buy their home with a deposit of as little as 2%, without the need for Lenders Mortgage Insurance (LMI). Unlike the other Government Guarantees (FHLDS & NHG), this Scheme is available for eligible single parents regardless of whether they’re a first home buyer or have owned a property before.


Gateway Bank is delighted to be helping single parents to purchase their family home, while helping them save the cost of LMI.


Places for the Family Home Guarantee are limited. Please register your interest with Gateway Bank to secure your place*.


Please note that these places are in addition to the First Home Loan Deposit Scheme and New Home Guarantee with separate eligibility criteria.

Not ready to register for your place? Ask us anything here.

Download Key Family Home Guarantee Guides

What is the Family Home Guarantee?

In the 2021-2022 Federal Budget, the Australian Government announced 10,000 Family Home Guarantee places, that 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. These parents are not required to be first home buyers.


The Family Home Guarantee allows eligible single parents to buy a home with a deposit of between 2% to 20% of the property’s value (eligibility criteria applies). The National Housing Finance and Investment Corporation (NHFIC), which oversees the Scheme, will then provide a guarantee to the lender covering up to 18% of the property’s value.


The NHFIC has appointed Gateway Bank to offer loans to be guaranteed under the Family Home Guarantee, which will support up to 10,000 loans over the next 4 financial years. Apply now to secure your Family Home Guarantee place with Gateway Bank.

Who is eligible?

Find out if you meet the Family Home Guarantee’s eligibility criteria. Please note that this tool is provided as a guide only and does not guarantee that you will receive either a FHG place or a loan from Gateway Bank.


Eligibility Checklist

You will only be eligible to participate if you can answer yes to the following questions:

  • Will you be an eligible single parent as at your Home Loan Date?
  • Do you have your Notice of Assessment for the 2020-21 income year (as issued by the Australian Taxation Office) (or did you earn less than the tax-free threshold)?
  • Do you satisfy the income test?
  • Will you satisfy the property ownership test at your Home Loan Date?
  • Will you be an Australian citizen at your Home Loan Date?
  • Will you be 18 years or over at your Home Loan Date?
  • Do you have a deposit of at least 2% and less than 20% of the value of the property you would like to purchase?
  • Do you intend to reside in the property you purchase as an owner-occupier while your home loan is guaranteed under the Scheme?
  • Are you sure there are no matters in your personal circumstances that could mean you aren’t eligible for the Scheme?
  • Is the property purchase price within the threshold for your property’s suburb and postcode? You can check this using the NHFIC’s property price threshold tool.


How to apply

  1. Check your eligibility.
  2. Then register your interest for a Scheme place with Gateway and we will verify your eligibility.
  3. Then apply for your home loan with Gateway.
  4. You're all done! A Gateway consultant will be in touch soon.

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If you are a first home buyer, you may also qualify for additional assistance


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Things you should know:

*Please note that the number of available Scheme places are limited each financial year and applying with Gateway Bank does not guarantee a successful application.

Rates advertised apply to principal and interest repayment types only. Gateway reserves the right to vary these interest rates at any time. Interest rates quoted are for new lending only. Existing borrowers should contact Gateway to discuss their requirements. Comparison rates are calculated based on a loan amount of $150,000 over a 25 year term. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Applications for finance are subject our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.

1 Variable rate special offers are available for a limited time only and may be varied or withdrawn at any time. The offer is available for new loans and top ups of $50,000 or more.

* Please note that we are not able to provide Construction Loans under the First Home Loan Deposit Scheme.