Home Loans for Single Parents
Being a single parent doesn’t mean home ownership is out of reach.
In fact, many of the clients we help are rebuilding after separation, navigating divorce, or creating a new financial future for themselves and their children.
The biggest surprise for most people?
They often have more options than they realise.
At Awesome Lending Solutions, we work closely with single parents to understand their circumstances, explain what’s possible, and develop a lending strategy that supports long-term security and stability.
Buying a Home After Divorce or Seperation
Sadly, this is one of the fastest-growing areas of our business.
Many people assume that divorce or separation permanently damages their ability to own property.
That’s simply not true.
We regularly help clients who are:
- Finalising property settlements
- Starting again after divorce
- Purchasing independently
- Re-entering the property market
- Rebuilding financial confidence
Every situation is unique, but there are often far more options available than expected.
Keeping the Family Home
One common scenario involves retaining ownership of the existing family property.
This may involve:
- Refinancing into one name
- Removing an ex-partner
- Accessing equity
- Funding a settlement payout
The key is understanding what lenders will support and creating a realistic strategy.
Family Home Guarantee
The Family Home Guarantee has helped many eligible single parents enter the property market sooner.
The scheme may allow eligible applicants to purchase with a significantly smaller deposit while avoiding Lenders Mortgage Insurance.
For many families, this reduces one of the biggest barriers to home ownership.
Can I Buy With a 2% Deposit?
Potentially, yes.
Many single parents are surprised to discover they may be able to purchase with a deposit far smaller than the traditional 20%.
Eligibility depends on individual circumstances, income requirements and government scheme availability.
Using Child Support as Income
Child support can play an important role in a lending application.
Some lenders will consider child support income when calculating borrowing capacity.
Requirements vary but may include:
- Payment history
- Supporting documentation
- Demonstrated consistency
This income can significantly strengthen an application.
Government Assistance Available
Depending on your circumstances, support may include:
- Family Home Guarantee
- First Home Buyer assistance
- Stamp duty concessions
- Grants and incentives
- State-based programs
Understanding which support applies can have a major impact on affordability.
Refinancing After Separation
Many single parents need to refinance after a relationship breakdown.
Reasons may include:
- Removing a borrower
- Reducing repayments
- Consolidating debt
- Accessing equity
- Restructuring finances
A carefully planned refinance can create stability and clarity during a challenging period.
Common Mistakes Single Parents Make
- Assuming they won’t qualify
- Speaking with only one bank
- Not exploring government support
- Ignoring child support income
- Delaying plans unnecessarily
Why Single Parents Choose Awesome Lending Solutions
We understand that this process is about more than finance.
It’s about creating a stable future for your family.
Whether you’re buying after divorce, refinancing after separation or purchasing your first home as a single parent, our role is to help you understand your options and move forward with confidence.
Frequently Asked Questions
- Can a single parent get a mortgage?
- Can I buy with a 2% deposit?
- What is the Family Home Guarantee?
- Can child support be used as income?
- Can I buy a home after divorce?
- Can I refinance after separation?
- Can I keep the family home?
- What government assistance is available?
- How much can I borrow?
- Why use a mortgage broker as a single parent?