Buying a home as a single mum might seem daunting, but it’s absolutely within reach. Between government support schemes, low deposit options, and lenders who understand your situation, the dream of homeownership can become your reality.

Whether you’re working full-time, part-time, or receiving Centrelink support, there are specially designed home loans for single mothers available. The key is understanding your options and finding the right mortgage broker to guide you through the process.

Let’s walk through the complete journey, from eligibility and grants to lenders, tips to increase borrowing power, and what to expect throughout the process.

Understanding the Challenges Single Mothers Face When Buying a Home

Being a single mother in Australia comes with its fair share of challenges, and the property market is no different. Here are some common hurdles that might impact your ability to get approved for a home loan:

• Lower income levels due to single-income households
  
  
• Higher expenses when raising one or more children
  
  
• Limited savings for a deposit
  
  
• Credit history issues from past financial strain
  
  
• Confusion around government schemes and what's actually available

But here’s the thing: these challenges don’t disqualify you. They just require a more tailored strategy and the right guidance.

Can You Qualify for a Home Loan as a Single Mother?

Yes, you can! Lenders in Australia assess applications based on income, expenses, credit history, and deposit. Being a single parent doesn’t disqualify you; it just means your finances are looked at a little differently.

What Lenders Typically Look At:

• Consistent income (job, Centrelink, child support)
  
  
• Living expenses, including the number of dependents
  
  
• Any existing debts (credit cards, car loans)
  
  
• Deposit saved or access to grants
  
  
• Credit score and repayment history

Some lenders are more flexible than others, especially those experienced with single-parent applications. This is where a local mortgage broker can be a game-changer.

Government Grants and Support for Single Mums

If you’re a single mum buying your first home, there are several government programs designed to help.

Family Home Guarantee

• Designed specifically for single parents
  
  
• Buy a home with just 2% deposit
  
  
• No need to pay Lenders Mortgage Insurance (LMI)
  
  
• Income cap: $125,000
  
  

First Home Owner Grant (QLD)

• If you're building or buying a new home
  
  
• Receive $30,000 from the QLD Government (as of 2025)
  
  
• Can be used as part of your deposit or to cover other upfront costs
  
  

First Home Guarantee

• Available to all first-home buyers
  
  
• Allows purchase with 5% deposit and no LMI
  
  
• Can be used in combination with the above schemes if eligible
  
  

Stamp Duty Concessions

• If your property is under the $500,000–$550,000 threshold in QLD
  
  
• You may pay reduced or zero stamp duty as a first-home buyer

Logan-Specific Bonus:

If you’re based in Logan, the Logan City Council occasionally offers regional incentives or development rebates. A local mortgage broker will have access to the latest local offers.

How Much Can You Borrow as a Single Mum?

Borrowing power depends on your income, number of dependents, ongoing expenses, and debts. Here's a general idea:

• With an income of around $70,000–$85,000 and one dependent, you might be able to borrow between $320,000 and $420,000.
  
  
• Lenders may accept Centrelink payments like Family Tax Benefit and Parenting Payment as income, if they're consistent.
  
  

To maximise your borrowing power:

• Reduce any existing debts
  
  
• Keep expenses in check for 3–6 months before applying
  
  
• Include all eligible income (like child support)
  
  
• Work with a broker who knows which lenders to approach
  
  

Saving a Deposit as a Single Mum

Yes, saving a deposit can be tough on one income; but you don’t need 20%. Thanks to the Family Home Guarantee, just 2% is enough if you qualify.

Smart Deposit Strategies:

• Use the First Home Owner Grant for your deposit
  
  
• Save consistently—even small amounts build up over time
  
  
• Use rent history as proof of financial reliability
  
  
• Accept gifted funds from family (if allowed by your lender)
  
  
• Consider the First Home Super Saver Scheme (FHSS) to salary-sacrifice savings through super
  
  

If you’re receiving consistent rent assistance or living rent-free with family, your ability to save may be stronger than it seems on paper.

Choosing the Right Home Loan and Lender

Not all lenders are created equal. Some understand single-parent applications better than others.

Look for Lenders That:

• Accept child support and Centrelink payments
  
  
• Don’t penalise for casual or part-time work
  
  
• Offer fee waivers for first-home buyers
  
  
• Support government scheme applications
  
  

Loan Features to Prioritise:

• Offset accounts (to reduce interest)
  
  
• Redraw facilities (for emergencies)
  
  
• Flexible repayment options (weekly or fortnightly)
  
  
• Low or no annual fees
  
  

Your broker can compare 30+ lenders and find the one that suits your personal situation, saving you time, stress, and potentially thousands of dollars.

Step-by-Step: Applying for a Home Loan as a Single Mum

1. Check Your Eligibility

Start by reviewing your income, debts, dependents, and credit score. If you’re not quite ready, a broker can help create a plan.

2. Contact a Mortgage Broker

A local mortgage broker often specialises in helping single parents. They can:

• Assess your eligibility
  
  
• Help with grant applications
  
  
• Match you with a suitable lender
  
  

3. Get Pre-Approved

This tells you how much you can borrow and helps you search with confidence.

4. Find Your Home

Stick to your pre-approved budget. Logan has family-friendly suburbs like Marsden, Crestmead, and Loganlea with affordable housing options.

5. Make an Offer

Negotiate with sellers or bid at auction. Always include “subject to finance” if you're not 100% locked in.

6. Finalise the Loan

Once the offer is accepted, your lender does a valuation and issues formal approval.

7. Settlement and Move In

Congratulations, you’re a homeowner! Set up your repayments and enjoy your new home with your family.

FAQs

Can a single mum get a home loan?

Yes, many lenders offer home loans specifically for single parents. With government schemes like the Family Home Guarantee, it's more achievable than ever.

How much deposit do I need as a single mother?

With the Family Home Guarantee, you only need a 2% deposit. Without a government scheme, aim for 5–10% plus stamp duty and fees.

Will Centrelink payments count as income?

Yes. Many lenders accept Parenting Payment, Family Tax Benefits, and Child Support, especially when verified with consistent statements.

How do I apply for the Family Home Guarantee?

Work with a mortgage broker who will apply on your behalf. Places are limited, so it’s important to act quickly when a spot becomes available.

Can I use gifted funds as a deposit?

Yes, some lenders allow gifted funds if you have a signed letter and proof that the money is not a loan.

Final Thoughts

Securing home loans for single mothers isn’t just a dream; it’s a real, achievable goal. Yes, it takes planning. Yes, there may be challenges. But with the right guidance, it’s entirely possible to buy a home, even on one income.

Working with an experienced Logan mortgage broker can simplify the process, avoid rejections, and open doors to lenders who understand your unique situation. At Cube Loans, we specialise in helping single mums like you in Logan take control of their financial future.

Whether you're just starting your journey or ready to buy, we're here to support you at every step. Give us a call today at 1800 774 756 to get started.