SharedStart Home Loan

A shared equity scheme in co-ownership with Housing Authority. For first home buyer and subsequent home buyer.

Shared Ownership
Deposit 2% deposit *
Genuine savings 0%
Term of Loan 30 years
Maximum property value As determined by Housing Authority (above 26th parallel - applicants must work, purchase and live in these locations)
Maximum Housing Authority equity share Up to 30% (as determined by Keystart and/or Dept. of Housing)
Maximum qualifying income  
Singles $70,000
Couples/Families $90,000
Above the 26th Parallel $110,000
Maximum other debts My existing monthly debt repayments are less than 10% of my gross income
Lenders mortgage insurance Not required
Loan keeping fees $0
Additional repayments Yes
Loan increases To purchase additional Housing Authority shares
Repayment frequency Monthly
Statement frequency 6 Monthly

* Higher of 2% or $2,000 is required.

Keystart Terms and Conditions, fees and charges and normal lending criteria apply. Rates and limits stated are subject to change without notice.