Shared Ownership Home Loans
Co-own your home with the Housing Authority to lower your loan amount so you can get into your own home sooner.
What is a shared ownership loan?
A shared ownership home loan is designed to help more people reach their dream of owning a home in an affordable way. The Housing Authority will contribute a share in your home, acting as a silent partner to help you get started. The share amount varies depending on your circumstances. Keystart will then provide a loan for your share in the property, so you'll have lower home loan repayments than if you had to purchase the whole property on your own.
Even though the Housing Authority retains a share of your property, the home is yours to enjoy. Maximum limits apply to your income to be eligible for a shared ownership home loan. There is also a maximum share that the Housing Authority will co-own.
Who is shared ownership loan for?
Our shared ownership home loan could suit you if you're unable to afford a 100% home loan, including if you:
- are an Aboriginal or Torres Strait Islander wanting to share ownership.
- are a sole parent wanting to keep your family home after a relationship breakdown or the death of a partner.
- are currently living in public housing and wish to buy the home you're living in.
- have a permanent disability, or you care for a dependant with a permanent disability that affects your housing needs.
- are looking for an apartment, townhouse, villa or unit with a maximum land size of up to 200 square metres.
Find out more about shared ownership.
Our unique shared ownership loan may be suitable for you, if you're unable to apply for a traditional home loan from mainstream lenders or are unable to afford 100% of the purchase price of the home.
Need help getting started?
Fill in the form below and we'll help you understand if a shared ownership home loan is right for you.