Realise your dream of a home for your family

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.

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 Housing Australia 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 Housing Australia 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, download the Family Home Guarantee Fact Sheet or view the information 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.

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Applying for the Family Home Guarantee

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

For further details, eligibility criteria or to discuss your needs, please contact us today.

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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.