G&C Mutual Bank is pleased to be a participant lender in the Family Home Guarantee (FHG) that is part of the Home Guarantee Scheme, an Australian Government initiative to support eligible home buyers purchase a home sooner.

The Family Home Guarantee (FHG) is for eligible single parents or eligible single legal guardians of at least one dependent, including those who are not first home buyers. A single parent under the Guarantee is one who is either divorced or has never been married. Parents who are not divorced or are in a de facto relationship are ineligible.


The purpose of the Family Home Guarantee (FHG) is to support eligible single parents or eligible single legal guardians on a pathway to home ownership with 5,000 places available each financial year, with a deposit of between 2 and 20 per cent of the property value.


The following eligibility criteria apply:

  • Applying as an individual
  • Australian citizens or permanent residents who are at least 18 years of age
  • A taxable income of up to $125,000 per year
  • You must be an owner occupier of the property you are purchasing
  • You must not currently own home, but do not need to be a first home buyer

To find out more, including your eligibility, refer to Housing Australia's website.

The Australian Government introduced the Family Home Guarantee to support eligible single parents or eligible single legal guardians on a pathway to home ownership. Under the Scheme, eligible single parents or eligible single legal guardians can purchase with a deposit as little as 2 percent. Housing Australia provides a guarantee to the participant lender for up to 18 percent of the value of the property purchased that is financed by the eligible home loan. Therefore, the home buyer does not need to pay lenders mortgage insurance (LMI) or rely on a guarantor. The guarantee is not a cash payment or a deposit for a home loan. 

An eligible single parent or eligible single legal guardian is not required to be a first home buyer but must not own property at the time of entering a loan under the Family Home Guarantee. The eligible single parent or eligible single legal guardian must meet the eligible lender’s credit assessment criteria.


To find out more, including your eligibility, download the Family Home Guarantee Fact Sheet


If you're ineligible for the Scheme, we will work with you to explore other options to help you get into your first home.

The maximum property price varies depending on your location. Use Housing Australia's online tool to check the property price threshold for the suburb in which you are looking to purchase.

Reservations for the Family Home Guarantee (FHG) through G&C Mutual Bank are available now. Places are limited, so contact us for more information.

We'll help you navigate the process, and submit a request to reserve a place in the Scheme on your behalf.

Should you have any queries, we're ready to help you via our online home loan applicationonline enquiry form, by phone on 1300 364 400, in person at one of our Service Centres, or connect with a Mobile Lender to discuss your financial circumstances at a time and place that suits you. 

First Home Owner Grant: The First Home Owner Grant is a government scheme providing a one-off payment for eligible first home buyers who purchase or build a residential property to live in.

Stamp duty concessions: Stamp duty is a tax levied by state or territory governments on certain purchases, including buying a home, land, or investment property. Depending on your state or territory, you may be eligible for concessions as a first home buyer.

The First Home Super Saver Scheme: The First Home Super Saver Scheme allows you to save money for your first home using your superannuation fund. This scheme, run by the Australian Taxation Office (ATO), helps first home buyers save faster by allowing them to withdraw voluntary super contributions they’ve made to their super.

Enquire about the Family Home Guarantee today

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