Keystart team excited to help more Western Australians get into home ownership sooner in 2024
As we step into a New Year it is an opportunity to reintroduce ourselves.
2024 is shaping up to be an exciting one for Keystart, as we continue with our steadfast vision to make the dream of affordable home ownership a reality for more people.
Who is Keystart?
We are a transitional lender, and our aim is to lower the barriers to home ownership, helping Western Australians get a foot on the property ladder sooner than they may have otherwise been able to.
We support our customers to understand the importance of building equity in their home, providing free financial tools and guides, offering independent financial coaching; and an Australian-first app,allowing them to track their equity - all with the target of helping them to move on to a traditional lender.
Keystart is designed to help more people get into home ownership earlier by lowering entry costs, rather than offering the lowest interest rate on the market. Our interest rate policy enables us to offer low deposit home loans while managing our lending risk responsibly. Unlike other lenders, we encourage our customers to refinance to another lender once they have the equity to take advantage of lower interest rates on the market.
Keystart has seven different loan products to meet the need of our customers across Western Australia, including our:
Low Deposit Home Loan
Shared Ownership Loan(where the Housing Authority co-own a share of your property, lowering your loan amount)
Access Home Loan(for people with a disability or a carer with a dependent with a disability)
Aboriginal Home Loan(for Aboriginal and Torres Strait Islander peoples)
Rural Home Loan(for rural property types)
Renovation Home Loan(available to existing Keystart customers only)
and our Urban Connect Home Loan(for medium and high-density apartments).
Who can access a Keystart Loan?
Keystart is not designed for low-income earners - instead our customers can comfortably afford a home loan but don’t have the deposit required by traditional lenders.
Eligibility criteria applies to all Keystart loans including minimum income limits, maximum property purchase limits, the intention to live in the home, now owning home or land and the time of settlement, living in Western Australia, and the ability to satisfy other loan criteria.
We provide finance for established or new homes across WA (excluding the Kimberley and Pilbara) worth up to $560,000. In the Kimberley the property purchase price cap is $650,000 and in the Pilbara it is $750,000. The property price limits are regularly reviewed by the State Government to ensure Western Australians can continue to get their foot on the property ladder by accessing Keystart’s low deposit home loans.
Want to find out more about Keystart in 2024?
Keystart has supported more than 121,000 Western Australians in achieving the dream of home ownership since its inception 33 years ago and is looking forward to helping even more in 2024.
You can find out more about our loans and what is right for you in our handy guide here.