Keystart gives you a head start into home ownership.
Keystart is a WA Government initiative to help homebuyers get into their own home faster, by lowering the deposit needed to as little as 2% – lower than the deposit requirements of many lenders. Plus, with Keystart the First Home Owners Grant can count towards your 2% deposit. If you qualify, that could be your entire deposit right there!
Keystart’s interest rates are based on the average of the big four banks. Keystart is designed for lower entry costs rather than offering the lowest interest rate on the market. And with Keystart you don’t pay lender’s mortgage insurance or ongoing fees, so you save thousands over the life of your loan. Applying couldn’t be easier. Through our partner The Loan Company^, we can help you access a Keystart loan and First Home Owners Grant.
WA-only initiative that provides an affordable pathway into home ownership
Deposits as low as 2%
No lender’s mortgage insurance or ongoing fees
Interest rate based on average of the big four banks
Transitional lender – you can refinance with a new lender anytime you’re ready
Increased income limits only available until June 2020.
Smaller deposit. Bigger benefits.
Here’s how Keystart helps you into a home faster than any other loan:
It’s faster to save for your deposit than a loan with a big bank. Your deposit can be as low as 2%.
Use Grant as deposit
Your First Home Owners Grant can be used as part or all of your 2% deposit.
With no lender’s mortgage insurance and no account keeping fees, you save thousands over the life of your loan.
Do I qualify?
If you will be living in the home you build and earn within the Keystart income limits, you may be eligible to borrow up to $480,000. Keystart has recently increased how much you can earn so even if you didn’t qualify before, you could be eligible now. But you’ll need to be quick. These new income limits only apply until June 2020.