Start your building journey with Keystart.

Keystart is a low deposit, no insurance home loan that offers lower entry costs so you can enter the property market and buy your first home.

What is Keystart?

Worried your finances might get in the way of you owning your own home? Keystart might be your answer.

Keystart, a finance initiative of the WA state government, provides low deposit home loan options.

There are many benefits of financing your new home through Keystart including:

  • Offering lower entry costs
  • Low deposit requirement
  • No lender’s mortgage insurance

If you are eligible for Keystart you can get started with as a little as 2% deposit and when you’re ready to refinance if you want to, you can!

Combining Keystart and FHOB

Did you know you can combine the First Home Owner Grant of $10,000 and Keystart? That means you could have a house and land package of $400K and the only deposit you would need is $3,000!

With Keystart, you can enjoy lower mortgage repayments so paying your rent will be more manageable while you build. Keystart has also recently adjusted the property price limit, which means there will be more house & land packages available using the loan. Win-win!

How much can
you borrow?

We understand the importance of securing the right financing for your new home. That's why we've created the ultimate tool to help you understand your borrowing power and make informed decisions about your home loan.

Frequently asked questions

What is a home loan?

The lender (bank) and borrower (you) will agree on a term in which the loan is to be paid back ‒ typically, this will be a period of 25 to 30 years. The lender and borrower will also agree on a repayment schedule, which will generally be fortnightly or monthly.

In addition to the total loan amount, you will be required to pay interest. The type of interest payable will be determined by the loan agreement. There are several types of interest rates, including fixed and variable. We explain this in further detail below.

Finance guidance
and support

Get rent or debt assistanceImage
Financial Advice

November 15, 2022

Get rent or debt assistance

How much of a deposit do you need to buy land?Image
Financial Advice

August 24, 2022

How much of a deposit do you need to buy land?

How to finance your first homeImage
Financial Advice

May 1, 2022

How to finance your first home

Key Changes to the Home Guarantee SchemeImage
Financial Advice

June 30, 2023

Key Changes to the Home Guarantee Scheme

Get financial
guidance

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