The Family Home Guarantee
The Family Home Guarantee is an Australian Government initiative that aims to support eligible single parents with at least one dependent child in purchasing a family home.
From 1 July 2021, 10,000 Family Home Guarantees 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.
The Family Home Guarantee can be used to build a new home or purchase an existing home with a deposit of as little as 2% regardless of whether that single parent is a first home buyer or a previous home owner. Investment properties are not supported by the Family Home Guarantee.
The team at
Mulcahy & Co Loans & Finance can assist you with claiming this guarantee – call today to make an appointment.
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