Are you an Aboriginal or Torres Strait Islander looking to get into a home of your own? Keystart offers two low deposit home loan options to help you achieve your home ownership dreams sooner.
Variable rate
Comparison rate
Maximum loan term
*Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Comparison rate
Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Loan repayment amounts
Loan repayment amounts shown are based on a simplified amortised schedule of repayments model. Actual loan repayments are subject to various internal and external factors including (but not limited to) changes in interest rates, fees and taxes. In particular, the model cannot predict future interest rates and therefore assumes the current variable rate for the remainder of the loan period.
Deposit required
Your deposit will be the higher of 2% or $2,000. The deposit required shown here may vary dependent on location and purchase price.
Purpose of the home loan
Not all loan products allow you to build a home.
Borrowing amount
This amount is provided for illustrative purposes only. The amount you may be eligible to borrow will be based on a full application. All applications for loans are subject to Keystart's standard credit policies and loan approval criteria, and depend on the particular circumstances and credit attributes of each applicant. Actual loan amounts approved may therefore be different to the results presented.
Loan increases?
Loan term
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You can apply for a 100% loan with out Low Deposit Home Loan.
7.10% p.a. variable rate
7.18% p.a. comparison rate.
Enter your details below to chat to one of our dedicated Aboriginal home ownership team.
You can also give us a call on 1300 578 278 to find out more.
No, you are not required to provide proof of your Aboriginality and/or Torres Strait Islander heritage.
No. The percentage you own in a shared ownership home loan will be determined by your financial situation.
If you have a 'flexible' shared ownership home loan you can increase your ownership whenever you can afford to. Stamp duty concessions and incentives may apply.
If it is a 'fixed' shared ownership home loan, the Housing Authority will always retain its portion of the property. If you decide to sell your home, the Housing Authority buy your share back.
Some of the other upfront costs you may incur when buying a home include application fees, legal or conveyancing fees, transfer fees, government stamp duty, inspection fees (building or termite), settlement agent fees, building insurance and water or shire rates.
You may also need to consider your moving costs if you need to hire a truck or removalists. If you're a first home buyer and you're thinking of building a new home, you may be eligible for the first home owner grant.
Yes, you do need to have a stable income or regular employment for at least six months.
Keystart accepts some Centrelink benefits as income, but your total income affects the amount you will be able to borrow.
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