Single Parent Home Loans
Buy your own home with as little as a 2% deposit — real support for single parents across Sydney and NSW.
Raising a family on one income doesn’t mean you have to keep renting. Thanks to a government scheme called the Family Home Guarantee, single parents can now buy a home with a deposit as small as 2%, without paying Lenders Mortgage Insurance (LMI).
At Awesome Lending Solutions, we specialise in helping single parents understand their options, work out what they can afford, and find a loan that actually fits their life. No jargon, no judgement, no pressure — just clear advice from people who want to see you succeed.
You’re Not Alone in This
If you’re a single parent thinking about buying a home, you’ve probably already run into a few worries:
● “I only have one income — will anyone lend to me?”
● “I don’t have a big deposit saved.”
● “I don’t understand all the loan terms and I don’t want to be talked into the wrong thing.”
● “I’m worried about being knocked back and wasting time.”
These are completely normal concerns, and they’re exactly why this page exists. Every day we help single parents work through these exact questions and come out the other side with a plan and often, keys to their own front door.
What Is the Family Home Guarantee?
The Family Home Guarantee is an Australian Government scheme designed specifically for single parents and single legal guardians of at least one dependent child. It’s designed to make home ownership realistic on one income.
Here’s what it means for you:
● Buy a home with a deposit as low as 2% of the purchase price
● Skip paying Lenders Mortgage Insurance (LMI) — this can save you thousands of dollars
● Available whether you’re a first home buyer or you’ve owned property before
● Can be used together with other grants, depending on your situation
Eligibility depends on your income, the property price cap in your area, and other criteria set by the government.
We’ll check exactly what you qualify for as part of your free assessment this is general information only, not personal advice.
How We Help Single Parents
Every single parent’s situation is different: different income, different family arrangements, different goals. Here’s how we tailor our support:
● Explain your options in plain English, with no jargon and no pressure
● Check your eligibility for the Family Home Guarantee and any other grants you may qualify for
● Work out realistically what you can borrow on your income, including child support or family payments where relevant
● Compare loans across 60+ lenders to find one that actually suits your situation — not just the first offer
● Support you through the whole process, from your first chat through to settlement day
● Stay available afterwards, so you always have someone to call if your situation changes
Your Path to Home Ownership
Step 1: Free, no-obligation chat
We start with a relaxed conversation about your income, your family situation, and what you’re hoping to achieve. No forms, no pressure — just an honest talk.
Step 2: We check your eligibility
We work out whether you qualify for the Family Home Guarantee and any other grants, and give you a realistic borrowing capacity based on your actual numbers.
Step 3: We compare lenders for you
Instead of you ringing around banks, we compare options across 60+ lenders to find a loan that fits your budget and your future plans.
Step 4: We handle the paperwork
We prepare your application, chase the documents, and manage the back-and-forth with the lender so you don’t have to.
Step 5: Settlement and beyond
Once you’re approved and settled, we stay in touch — checking your rate is still competitive and helping you plan your next steps, like paying your loan off faster or building equity for the future.
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Can I really buy with only a 2% deposit?
Yes, under the Family Home Guarantee, eligible single parents can buy with as little as 2% deposit without paying LMI. We’ll check your specific eligibility during your free assessment.
I've owned a home before with my ex-partner. Can I still apply?
Often, yes. The Family Home Guarantee isn’t only for first home buyers previous home owners may still be eligible. We’ll look at your situation and confirm what applies to you.
Does child support count as income?
Some lenders will consider child support and family payments as part of your income, depending on how it’s paid and how long it’s likely to continue. We know which lenders are more flexible here and can guide you accordingly.
What if my credit history isn't perfect?
A less-than-perfect credit history doesn’t automatically rule you out. We work with a wide panel of lenders, including some who take a more flexible approach, and we’ll help you understand your realistic options.
Will this cost me anything?
Our advice and support is provided at no cost to you as the borrower. We’re paid by the lender once your loan settles, and we’ll always be upfront about how that works.
Ready to Talk About Your Options?
You don’t need to have it all figured out before you reach out. Most of our single parent clients start with more questions than answers that’s exactly what we’re here for.
Book a free, no-obligation chat with Albert and the team at Awesome Lending Solutions. We’ll listen to your situation and give you honest, clear guidance on what’s possible.