Realise your dream of a home for your family
Family Home Guarantee
Unity Bank is an approved lender under the Australian Government's Family Home Guarantee supporting eligible single natural or adoptive parents of at least one dependent, as well as single legal guardians of at least one dependent in purchasing a family home.* You can start with just a 2% DEPOSIT and avoid thousands of dollars in lenders mortgage insurance costs.
|
To assist you with your enquiry,
please call our hotline on 1300 076 408
Mon - Fri: 9am - 8pm
Sat: 9am - 12pm
Please note this hotline number is for our Government Home Buyer Schemes only. Please call our 1300 36 2000 number for all other banking matters.
|
For more information, please see the details and eligibility criteria below.
What is the Family Home Guarantee?
The Family Home Guarantee (FHG) is an Australian Government initiative to help you as an eligible single natural or adoptive parents of at least one dependent and eligible single legal guardians of at least one dependent, such as aunts, uncles or grandparents 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.
|
Fact sheetInformation guide
|
How does the Family Home Guarantee work?
You can apply through Unity 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
-
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.
-
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.
-
Look for a home
Explore and find a property that meets the eligibility criteria for the Family Home Guarantee.
-
Make your move
Move into your property and enjoy life in your own home.
|
Find out the latest interest rates available for Family Home Guarantee applicants
Let’s Get Started
Please note this hotline number is for our Government Home Buyer Schemes only. Please call our 1300 36 2000 number for all other banking matters
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. Minimum home loan balance $150,000. Not available for top-ups or internal product switches. Maximum loan period 30 years.
* Documentation supporting guardianship may be required.
** Other fees and charges may apply and will be specified at the time the loan is approved.
|
