Making Homeownership Possible for Single-Income Households
Buying a home as a single parent can feel daunting, but with the right strategy and lender, it is absolutely achievable.
In 2025, there are specific loan programs, grants, and government-backed guarantees that are designed to help single-income families enter or re-enter the property market.
Low Deposit Loans for Single Parents
Many lenders now accept deposits as low as 5 percent for eligible single parents.
If you qualify for the Family Home Guarantee (2025), you could buy a home with just a 2 percent deposit and pay no Lenders Mortgage Insurance (LMI).
Example:
On a $600,000 home, you may only need $12,000 as your deposit.
What Is the Family Home Guarantee?
The Family Home Guarantee is a government initiative aimed at supporting eligible single parents (with at least one dependent child) in securing a home.
Key features:
-
Buy with as little as 2 percent deposit
-
No LMI required
-
Available for first home buyers and those re-entering the market
Note: Places are limited annually, so it’s important to act early.
Boosting Your Borrowing Power as a Single Parent
Lenders assess your loan eligibility based on:
-
Your income (including consistent child support and government benefits)
-
Your living expenses and current financial obligations
-
Your credit history
-
Your existing debts
Tips to improve borrowing power:
-
Pay down high-interest debt
-
Consolidate existing debts if possible
-
Provide clear evidence of reliable income and savings habits
-
Avoid applying for new credit before submitting your home loan application
Try our Borrowing Power Calculator for a quick estimate.
How Flenley Financial Group Can Help
At Flenley, we:
-
Compare over 340 lenders, including those who support single-parent households
-
Check your eligibility for schemes like the Family Home Guarantee
-
Structure your loan for long-term affordability and future flexibility
-
Charge no client fees — we are paid by the lender
-
Provide 5-star rated service with honest advice that puts your interests first
Get Started Today
Book a Free Consultation or try our Borrowing Power Calculator to see your options in 2025.
Buying a home as a single parent can feel daunting, but with the right strategy and lender, it is absolutely achievable.
In 2025, there are specific loan programs, grants, and government-backed guarantees that are designed to help single-income families enter or re-enter the property market.
Low Deposit Loans for Single Parents
Many lenders now accept deposits as low as 5 percent for eligible single parents.
If you qualify for the Family Home Guarantee (2025), you could buy a home with just a 2 percent deposit and pay no Lenders Mortgage Insurance (LMI).
Example:
On a $600,000 home, you may only need $12,000 as your deposit.
What Is the Family Home Guarantee?
The Family Home Guarantee is a government initiative aimed at supporting eligible single parents (with at least one dependent child) in securing a home.
Key features:
-
Buy with as little as 2 percent deposit
-
No LMI required
-
Available for first home buyers and those re-entering the market
Note: Places are limited annually, so it’s important to act early.
Boosting Your Borrowing Power as a Single Parent
Lenders assess your loan eligibility based on:
-
Your income (including consistent child support and government benefits)
-
Your living expenses and current financial obligations
-
Your credit history
-
Your existing debts
Tips to improve borrowing power:
-
Pay down high-interest debt
-
Consolidate existing debts if possible
-
Provide clear evidence of reliable income and savings habits
-
Avoid applying for new credit before submitting your home loan application
Try our Borrowing Power Calculator for a quick estimate.
How Flenley Financial Group Can Help
At Flenley, we:
-
Compare over 340 lenders, including those who support single-parent households
-
Check your eligibility for schemes like the Family Home Guarantee
-
Structure your loan for long-term affordability and future flexibility
-
Charge no client fees — we are paid by the lender
-
Provide 5-star rated service with honest advice that puts your interests first
Get Started Today
Book a Free Consultation or try our Borrowing Power Calculator to see your options in 2025.