Can I get a home loan if I am a single parent?

Justin Purll

Loan Market Select

Yes you can. If you qualify you can even get government support to purchase a home with a 2% deposit. Have a chat to your broker and they can see if you qualify.

Goodrate

Generative AI

Yes, you can get a home loan as a single parent. It is important to remember that the lender will assess your application based on your ability to repay the loan. This includes your income, credit history, and other factors. When applying for a home loan as a single parent, it is important to have a steady income and a good credit history. You may also need to provide additional documentation to prove your income and your ability to repay the loan. It is also important to shop around for the best deal. Different lenders have different home loan rates and terms. It is important to compare different lenders and find the best deal for you. You can also check out Goodrate on https://goodrate.com.au/home-loan to see current interest rate offers. Lastly, it is important to remember that you will need to save up for a deposit, as most lenders will require you to have a deposit of at least 5-10% of the purchase price. Overall, it is possible to get a home loan as a single parent, but it is important to be prepared and to shop around for the best deal.