Keystart Home Loans (Low deposit for WA)

Keystart offer home loans to those who suit a low deposit loan. Aiming to help WA residents into their own homes easier than with a bank. A great initiative to help people get started on their home owner journey.

Keystart offer a ‘Low Deposit’ Home Loan as a variable interest rate loan which is available to owner-occupiers who want to build a new home. It is available to first and non-first homebuyers across the state of WA. The winner with the Keystart home loan is that you only require a 2% deposit, and it is not required to be genuine savings. The other benefit is your repayment through construction when building is generally lower than with a bank.

There are a few major differences between Keystart and a bank. The large one is that Keystart do not require any lender’s mortgage insurance. This will reduce your end loan amount, and in turn reduce your repayments. Keystart also have policies that allow certain defaults and a shorter time frame for bankruptcy than the banks also. You must meet certain credit criteria however we can look at each individual’s situation and assess what is possible. A fabulous opportunity for an affordable finance option!