In Logan, QLD, the dream of homeownership feels increasingly distant for many, especially single mothers. With rising property prices, fluctuating interest rates, and a competitive housing market, affording a home on a single income is a challenge.

Home loans for single mothers are designed to bridge this gap, offering tailored financial solutions for single mums aiming to buy a property and create long-term housing security.

Cube Loans mortgage brokers in Logan can assist single mothers in navigating the complexities of the market, offering personalised support and access to lenders who understand their unique needs. Working with a broker often leads to better loan options, lower fees, and a smoother experience overall.

In this guide, we’ll break down how home loans for single mothers in Logan work and how to move confidently toward homeownership.



Available Home Loan Schemes for Single Mothers in Logan

There are several home buyer loans and government support schemes specifically aimed at easing the homeownership process for single-parent families in Queensland.

• Family Home Guarantee Scheme: This program allows eligible single parents with at least one dependent child to buy a home with as little as 2% deposit without paying Lenders Mortgage Insurance (LMI). Managed by Housing Australia, it's designed to reduce upfront costs significantly. Learn more from the National Housing Finance and Investment Corporation (NHFIC).
  
  
• First Home Loan Deposit Scheme (now under the Home Guarantee Scheme): This Government First Home Guarantee Scheme helps first-time buyers secure a home loan with a 5% deposit while avoiding LMI.
  
  
• Queensland First Home Owner’s Grant: A state government initiative that provides $30,000 (as of 2025) to eligible first home buyers purchasing or building a new home. Check current eligibility at the Queensland Revenue Office.
  
  
• Bond Loan & Rental Grants: The Queensland Department of Housing offers Bond Loans—interest-free loans to help cover rental bond costs—and Rental Grants, which are one-off, non-repayable payments for initial rent. These supports aren't directly for homeownership, but can ease financial pressure while saving for a home loan deposit. 

These programs are designed to ease the burden of stamp duty, application fees, and high deposits, making market entry more manageable.

Single Mothers’ Home Loan Eligibility Criteria

Before applying for a home loan, it's important to understand what lenders will assess. The eligibility criteria for single mothers are generally the same as for other applicants, but with a stronger focus on financial stability.

Key eligibility factors include:

• Proof of Australian citizenship or permanent residency
  
  
• Minimum income requirements and consistent employment
  
  
• Clean credit history and reasonable credit score
  
  
• Existing debts, including any credit card balances
  
  
• Child-related income such as Family Tax Benefit or Child Support
  
  
• No active bankruptcy or serious defaults
  
  

Common supporting documents:

• Proof of identity (passport, driver’s license)
  
  
• Payslips or Centrelink income statements
  
  
• Recent bank statements
  
  
• List of expenses (rent, utilities, council rates, etc.)
  
  
• Childcare expenses or government benefits received
  
  
• Completed application form
  
  

For further guidance, Cube Loans team can walk you through the process of assembling the necessary supporting documents and improving your borrowing capacity.

How to Apply for Home Loans as a Single Mother in Logan

Applying for home loans for single mothers doesn’t have to be overwhelming. Here’s a simplified step-by-step approach:

1. Speak to a Mortgage Broker: Start by contacting a Cube Loans mortgage broker in Logan. They can help assess your financial situation, match you with lenders, and explain your loan options.
   
   
2. Understand Your Budget: Use this borrowing calculator to estimate your potential loan amount.
   
   
3. Check Your Deposit: If you have a low deposit, consider these low deposit loan options or apply for a First Home Guarantee.
   
   
4. Get Conditional Approval: Learn how conditional loan approval works to strengthen your offer.
   
   
5. Submit a Loan Application: Once a lender is chosen, complete and submit your application form with all supporting documents.
   
   
6. Receive Formal Approval: After the lender’s assessment, you’ll receive formal approval.
   
   
7. Settlement & Move-In: Upon successful settlement, the property is yours!
   
   

It’s also helpful to prepare for additional costs such as conveyancing fees, building inspection fees, utility charges, and transfer and mortgage registration fees.

Home Loan Options for Single Mothers in Logan

Depending on your income, deposit, and long-term goals, Cube Loans can help match you with various loan options, including:

• Fixed Rate Loans: Learn about fixed rate home loans to lock in your interest rate and create predictable repayments.
  
  
• Variable Rate Loans: If flexibility is important, a variable rate loan might suit your cash flow better.
  
  
• Split Loans: Consider split home loans for combining fixed and variable benefits.
  
  
• Offset Account Loans: Reduce interest by linking your savings to an offset account.
  
  

Some lenders also offer interest rate discounts for eligible low-income earners or those receiving government support schemes.

Tips to Boost Your Borrowing Capacity as a Single Mum

Maximising your borrowing capacity is crucial when you're managing a household on one income.

Here’s how to improve your position:

• Reduce your credit card debt or close unused accounts
  
  
• Pay off small loans or high-interest debts
  
  
• Review spending habits and build cash flow
  
  
• Improve your credit score by paying bills on time

• Consider co-ownership with a family member or explore guarantor home loans
  
  

Need expert help finding the right home loans for single mums in Logan? Our Logan mortgage brokers guide you every step of the way. Call 1800 774 756 or visit www.cubeloans.com.au today.

FAQs

What is the minimum deposit for single mothers applying for a home loan in Logan?

With the Family Home Guarantee, eligible single mothers can purchase with as little as 2% deposit.

Can single mothers access the First Home Owner Grant in QLD?

Yes, if you meet eligibility criteria and are purchasing a new or established house, you may qualify for the Queensland First Home Owner's Grant.

What credit score is needed for a home loan?

Most lenders prefer a credit score above 600, but alternative non-conforming loans are available for lower scores.

Do single mothers have to pay Lenders Mortgage Insurance?

Not always. The Family Home Guarantee Scheme allows single mums to avoid LMI even with a small deposit.

How do I improve my borrowing capacity?

Reduce debts, close unused credit card accounts, and increase your income stability through employment or verified benefits.

Can single mothers buy a home in Logan if they’re receiving child support?

Yes. Child support is often considered as income by lenders, increasing your borrowing capacity.

Final Thoughts

Buying a home as a single mother in Logan, QLD, may seem tough, but with the right support and access to the right home loan, it’s absolutely achievable. From stamp duty concessions to LMI waivers and government assistance, many pathways exist to help you reach homeownership.

The expert Logan mortgage brokers at Cube Loans are ready to guide you every step of the way. Whether you’re seeking advice, comparing loan options, or ready to submit your loan application, Cube Loans can help you secure a home for your family.

Call 1800 774 756 or visit www.cubeloans.com.au to get started today.