Document ID: chunk:federal_register_of_legislation:F2024C01285:reg:29c:p2
Version: federal_register_of_legislation:F2024C01285
Segment Type: reg
Provision Reference: reg 29C (pt 2/2)
Character Range: 87970–89208

in paragraphs (2)(h) to (k) must be satisfied at the time the loan agreement is entered into.
 (2B) For a Family Home Guarantee, paragraphs (2)(b), (d) and (i) do not apply and the following requirements must be satisfied instead:
 (a) there is a single borrower under the loan agreement who will be the only registered owner of the property;
 (b) the borrower is an eligible single parent or an eligible single legal guardian;
 (c) the loan-to-value ratio is between 80 and 98 per cent.
  (3) For paragraph (2)(j), if the loan relates both to the purchase of an interest in land on which a dwelling is not affixed and to the construction of a dwelling on the land, the loan may be an eligible loan even if the terms of the loan agreement permit interest-only repayments for a specified period.
 (4) This subsection applies to a loan if:
 (a) the loan (the refinancing loan) is for the sole purpose of fully satisfying the obligations of a borrower or borrowers under an existing loan; and
 (b) Housing Australia has previously issued a guarantee under this Part relating to the existing loan; and
 (c) no claim has been made in respect of the guarantee; and
 (d) the guarantee remains in force until the refinancing loan is entered into.