page top
Home / Borrow / Home Loans / Manage Your Home Loan / Parent/Family Guarantee

Parent/Family Guarantee

Attention: open in a new window. Print

Do your parents want to help you buy a home or invest in property? This home loan option is a way for your parents (or another willing guarantor) to help you purchase a home without them actually providing the cash for a deposit.

In this scenario, a family member will use the equity in their home as security on your new home loan.

Apply OnlineMake an appointment

Parent/Family Guarantee Features:

  • Requires a 5.00% savings deposit from purchaser
  • On receipt of the savings deposit, the guarantor’s security will help with any additional deposit needs
  • Avoid paying a mortgage insurance premium as the loan-to-value ratio (LVR) on your loan will be less than the standard 80% of the total property cost
  • Guarantee secured by either a First Registered Residential Mortgage (at Orange Credit Union, or elsewhere)
  • Guarantee can also be secured with an Orange Credit Union Term Deposit
  You might be interested in:

 

 

Apply Now

 

Products

 

Calculators

 

Rates & Fees

 

Special Offers