Family Home Guarantee (FHG)

One of the biggest challenges entering the property market is building up a deposit.

Gateway is proud to support the Australian Government on the Family Home Guarantee (FHG) to help eligible single parents and eligible single legal guardians reach home ownership sooner.

Whether you are looking for a no-frills low interest rate, or the full package with money-smart features, we've got you covered with a Gateway home loan.

What is the FHG?

The FHG allows eligible single parents and eligible single legal guardians of at least one dependent to buy a home with a deposit of between 2% to 20% of the property’s value (eligibility criteria applies). Housing Australia will then provide a guarantee to the lender covering up to 18% of the property’s value.

Gateway has been appointed by Housing Australia to offer loans to be guaranteed under the Family Home Guarantee, which will support up to 5,000 loans each financial year.

Who is eligible?

Find out if you meet the Family Home Guarantee’s eligibility criteria. Please note that this tool is provided as a guide only and does not guarantee that you will receive either a FHG place or a loan from Gateway Bank.

FHG Eligibility

• To be eligible, home buyers applying for the FHG must have a minimum 2% deposit.
• Australian citizens or permanent residents may apply.
• Home buyers must be eligible single parents or eligible single legal guardians of at least one dependent.
• Is the property purchase price within the threshold for your property’s suburb and postcode? You can check this using Housing Australia's property price threshold tool.

How to apply

1. Check your eligibility.
    
2. Then register your place with Gateway and we will verify your eligibility.
    
3. Then apply for your home loan with Gateway.
    
4. You're all done! A Gateway consultant will be in touch soon.

Popular Home Loans
 

Things you should know:

Please note that the number of available Scheme places are limited each financial year and applying with Gateway Bank does not guarantee a successful application.

Rates advertised apply to principal and interest repayment types only. Gateway reserves the right to vary these interest rates at any time. Interest rates quoted are for new lending only. Existing borrowers should contact Gateway to discuss their requirements. Comparison rates are calculated based on a loan amount of $150,000 over a 25 year term. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Applications for finance are subject our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.

Please note that we are not able to provide Construction Loans under the Home Guarantee Scheme.