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Buy Your Own Home
With Just 2% Deposit

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Speak with our experts to secure your place!
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Buying a House
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Benefits of the Family Home Guarantee Scheme

Own Your
Home Sooner

Only 2% of genuine savings
required for your deposit

No Need

to Pay LMI

This could save you between
$10-20,000...

Stamp Duty Concession

Depending on where you live you could save $10-25,000...

Lower

Interest Rates

You'll be assessed at 80% LVR which can provide lower rates

What is the First Home Guarantee Scheme?

The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible single parents or eligible single legal guardians of at least one dependent to buy a home sooner. It is administered by Housing Australia on behalf of the Australian Government. 
 

The FHG aims to support eligible single parents or eligible single legal guardians of at least one dependent to buy a home, whether that single parent or single legal guardian is a first home buyer or a previous homeowner.
 

Under the FHG, part of an eligible home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. This enables an eligible home buyer to purchase a home with as little as 2% deposit without paying Lenders Mortgage Insurance.
 

For the FHG, any Guarantee of a home loan is for up to a maximum amount of 18% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan.

Who is Eligible?

Apply as an individual & earning up to $125,000

A single parent or single legal guardian of at least one dependent (see Eligible Single Parent and Eligible Single Legal Guardian note below) Must be a property to live in

NOT currently owning property, or upon settlement of the guaranteed property they’re buying, not intending to own a separate property.

Must be over 18 years of age

An Australian citizen or permanent resident* at the time they enter the loan

Intending to be the owner-occupier of the purchased property

What is the expected availability?

5,000 places available for 2023-24 Financial Year

Assessed and allocated each year

Released to States & Territories on a per capita basis

Contact us to learn how many places are available

Are there price caps
on purchase price?

Source: Housing Australia

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Stop Paying Rent. Start Living Your Daydream.

Places are limited.

© 2023 Daydream Home Loans Pty Ltd. ACN 670898923 I Credit Representative Number 552118 is authorised under Australian Credit Licence Number 389328

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