This study asks 1) if fertility rate among newly-married households is differentiated by housing financial sources and 2) if housing tenure has a mediating effect between housing financial sources and fertility rate among newly-married households. To answer the research questions, we use the 2016 Housing Survey for Newly-Married Households by employing multiple regression analyses. The empirical analysis shows that, overall, the shares of housing finance sourcing from their parents and banks positively affect fertility rate among newly-married households while the share of housing finance sourcing from the households themselves negatively affects fertility rate among newly-married households. In addition, housing tenure has a mediating effect between housing financial sources and fertility rate among newly-married households.