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Family Home Guarantee

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Family Home Guarantee

Reliance Bank is an approved lender under the Australian Government's Family Home Guarantee helping eligible single parents with at least one dependent child purchase their own family home. You can start with just a 2% DEPOSIT and avoid thousands of dollars in lenders mortgage insurance costs.

Additional benefits from Reliance Bank for Family Home Guarantee buyers

  Assistance and support in helping you qualify for the Australian Government’s Family Home Guarantee
  Lower interest rates from our Advantage Plus Home Loan for the life of your loan*
  Waived Reliance Bank establishment, valuation and legal fees**
  Express home loan service

Speak to us today!

What is the Family Home Guarantee?

The Family Home Guarantee (FHG) is an Australian Government initiative to help you as a single parent with at least one dependent child enter or re-enter the property market sooner with a home for your family. It is administered by the National Housing Finance and Investment Corporation (NHFIC) under the Home Guarantee Scheme (Scheme) on behalf of the Australian Government.

Usually as a home buyer with less than a 20 per cent deposit, you need to pay lenders mortgage insurance. Often, this could amount to thousands of dollars. Under the Family Home Guarantee, you can purchase a home with a deposit of as little as 2 per cent without the big cost of lenders mortgage insurance. This is because NHFIC guarantees to a participating lender up to 18 percent of the value of the property purchased that is financed by an eligible family home buyer’s home loan.

To find out more or assess your eligibility, talk to us or download the Family Home Guarantee Fact Sheet

Fact sheetInformation guide

How does the Family Home Guarantee work?

You can apply through Reliance Bank for a loan to purchase a residential property, and we will reserve a place in the guarantee on your behalf, provided your application meets the eligibility criteria.

The Family Home Guarantee can also be used conjunction with other Government initiatives that you may also be eligible for.



Applying for the Family Home Guarantee

There are limited places available nationwide, so contact us and we will guide you through the steps below.

  1. Check if you're eligible
    Check your eligibility with us or on the NHFIC website. If you're ineligible, we'll still work with you to explore other options to help you get into your own home.
  2. Reserve your place
    We'll help guide you through the process and find the best home loan for your needs. We'll work with you to reserve a place in the guarantee on your behalf.
  3. Look for a home
    Explore and find a property that meets the eligibility criteria for the Family Home Guarantee.
  4. Make your move
    Move into your property and enjoy life in your own home.
For further details, eligibility criteria or to discuss your needs, please contact us today.

Speak to us today!


Credit eligibility, terms and conditions, fees & charges apply.
Please note that the Family Home Guarantee is not a cash payment or a deposit for your home loan.
* Both variable and fixed rates for First Home Buyer Advantage Plus Home Loan offer you a lower interest rate. Lower interest rate offer ceases upon top-up or closure of original loan account
** Other fees and charges may apply and will be specified at the time the loan is approved.