Keystart Home Loans
If you are struggling to save for a house deposit, this may be the perfect solution for you!
Keystart is a Western Australian government initiative assisting homebuyers to enter the market with low entry costs. The initiative provides home loans for those that may not be able to save a deposit for the bank, helping you into your own home much sooner.
You can get started with a keystart home loan deposit as little as 2%. You may either buy an established property or build a new home.
If you are a first home buyer, you can use your first home buyers grant (FHOG) towards your deposit if you decide to build a new home.
- Single Applicants (Not exceed $148,000 annually)
- Couples (Not Exceed $218,000)
- Families (Not Exceed $218,000)
- Deposits from as low as 2%
- First Home Owner Grant of $10,000 can be used towards your deposit if you are building
- No Lenders Mortgage Insurance
- Be an Australian Citizen or Australian Permanent Resident
- Be living in Western Australia or wanting to build there
- Be within the Keystart income limits
- Not own another home at the time of settlement
