Skip to main content

What to expect when applying for a home loan

Don't worry - we'll help you through the process.

Dedicated Aboriginal home ownership team here to help

Applying for a home loan can feel overwhelming. While there can be paperwork and forms to complete, we have a dedicated Aboriginal home ownership team to assist you with any questions and help you along the way. If you are applying for a Keystart home loan, here are the key steps.


Do I qualify?

There are some criteria you need to meet to qualify for the Aboriginal Home Loan Scheme. These are:

  • I'm an Aboriginal or Torres Strait Islander. If you're applying for this loan with your partner, only one of you needs to meet this criteria.
  • I'm over 18 years of age.
  • I don't currently own a home or any land.
  • I'm looking for a home to live in - not to rent out.
  • I'm an Australian citizen or permanent resident.
  • I live in WA and want to buy or build a home here.

You'll also need to satisfy other loan criteria.

What if I'm not eligible?

Don't give up. We have a lot of resources and guides to help you prepare for next time.

Start an application form

At this stage, we ask you for some details about your income, financial history and household expenses. We'll be in touch requesting some official documentation, like proof of identification, payslips, bank statements and more. We'll send you an invite to our Application Tracker so you can follow your application's progress.

Conditional approval

If your application meets our requirements, you'll receive a conditional approval letter. Good news! This will show you how much you may be able to borrow. It will also tell you the minimum monthly repayment for your home loan.

Once you have conditional approval, you can start looking for your new home. Take a moment to look at your budget to consider what you can comfortably afford.

Remember it's important to get conditional approval before making an offer or putting down a deposit on building a home.  

Formal loan approval

So, you made an offer on a property.

Absolutely deadly! If all your conditional approval conditions have been met, we'll send you formal loan documents, including the contract.

You will be asked to review, sign and return it to Keystart.

Settlement stage

Settlement is the process of transferring legal ownership of a property from the seller to you. Your settlement agent will set the date to transfer the property into your name.

After that, you can move into your new home.

Life with a home loan

Once your loan is set up, your life with a home loan begins. We want to set you up for success so we'll keep in touch with resources and guides so you can become the expert of your home loan. 

We also have a great app that helps you track your loan progress and lets you manage your payments and more, whenever you want.