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Keystart eligibility criteria has changed and you now may be eligible. Get started now and find out!

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Keystart Home Loans

Applying for a keystart home loan in Perth

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

In light of Labor and Liberal’s election promises, Keystart have also announced its plan to help first home buyers. As of 1 July 2019, Keystart will be increasing the maximum income limits for their low deposit home loan by $15,000 for singles & couples and $20,000 for families.

This means if your household annual income was too high to apply for Keystart’s Low Deposit Home Loan, you may now be eligible. For those looking to buy or build a home valued up to $480,000 in the Perth Metro Area, your income can now be up to:

  • $105,000 for singles
  • $130,000 for couples
  • $155,000 for families

The changes will come into effect for the second half of the 2019 calendar year and revert back to the current levels from 1 January 2020.

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.
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