One of the most common questions first home buyers ask us is: “Who can actually be a guarantor?” Lenders have strict rules about this, and not everyone qualifies. In this guide, we’ll explain who can step into the role, what lenders look for, and what it means for guarantors.
Eligible Guarantors
- Parents (most common): The majority of lenders restrict guarantors to immediate family, with parents being the standard.
- Siblings or grandparents: Some lenders accept them on a case-by-case basis, provided they meet equity and income requirements.
- Spouses or partners: Sometimes eligible if not listed as co-borrowers.
- Other family (subject to assessment)
Learn more about the guarantor loan process in our comprehensive guide: How Guarantor Home Loans Work in Australia.
What Lenders Require
- Strong equity in an existing property
- Stable and verifiable income*
- Strong personal position
- Good credit history
- Willingness to undergo full lender assessment
*Not all lenders require this
Broker Tip
Even if a sibling or grandparent is technically eligible, some lenders prefer to keep it to parents only. Always ask your broker about lender-specific rules.
Want to know if your family member qualifies? Book a call with our guarantor loan specialists and we’ll walk you through your options.
Read more about guarantor home loans and our commonly asked questions here.