Sole Parent Home Loan
Assist the sole parent to retain their family home following a relationship breakdown or bereavement. For subsequent home buyers only.
|Deposit||Minimum 2% equity required|
|Term of loan||30 years|
|Maximum property value|
|Metro and Country||$412,000|
(Kimberley region and north of 26th parallel)
|Maximum Housing Authority equity share||Up to 40% or a maximum of $150,000|
|Maximum qualifying income||$80,000|
|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|
|Loan increases||To purchase additional Housing Authority shares|
|Statement frequency||6 Monthly|
Keystart Terms and Conditions, fees and charges and normal lending criteria apply. Rates and limits stated are subject to change without notice.