Find out if you qualify for a Keystart Home Loan
At Now Living, we pride ourselves on offering affordable house and land packages to suit all budgets and situations, and in partnership with The Loan Company^ we can help assist you in finding the home and the loan that’s best for you.
What is a Keystart home loan?
The Keystart ‘Low Deposit’ Home Loan is a variable interest rate loan which can be used by owner-occupiers to buy an established home or build a new one. It is available to both first and non-first home buyers across Western Australia.
Keystart home loans offer the following features:
- A 2% deposit, of which only 1% needs to be genuine savings
- Reduced repayments during Construction*
- No mortgage insurance
- Loans to those who have had defaults or been bankrupt
As of January 1 2017 Keystart loans are now available to more people, thanks to a relaxation of the rules. They are now available for singles earning up to $90,000, couples earning up to $115,000 and families earning up to $135,000.
Keystart’s lending criteria now allows single people living in the Perth metro area to earn up to $90,000 before they are ineligible for a loan, up from $75,000 previously.
Couples can earn a combined $115,000, up from $95,000, while families can earn up to $135,000 instead of $115,000 before they no longer qualify.
Find out how we can get you into your brand new home sooner, click here and fill out this form, and our team of experienced professionals will be able to assist you further.
*Keystart Loans Ltd Australian Credit Licence 381437. Now Living provides Keystart with referrals, who is the provider of credit assistance. Now Living does not receive any benefits from this relationship. Should you opt to make reduced repayments during construction, the balance of the loan repayments will be added onto the outstanding loan balance at the end of construction and your loan repayments will be adjusted accordingly.
^Harrisdale Pty Ltd trading as The Loan Company Australian Credit Licence Number 386355. Now Living has a referral agreement with Harrisdale Pty Ltd t/as The Loan Company who is the provider of credit assistance. Now Living does not receive any benefits from this relationship.