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Keystart Home Loans

Compare affordable loans available for Western Australians with flexible terms and features.

Richard Whitten
Richard Whitten

Updated

Fact checked
Keystart

Keystart is a government initiative offering finance for people striving to buy a home in the state of Western Australia. Compare Keystart home loans in the table or read more about the lender.

Compare Keystart home loans

Compare Keystart home loan products in the table below.

Data indicated here is updated regularly
$
Loan purpose
Offset account
Loan type
Repayment type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
Keystart Country Housing Loan - For Rural Small Business Owners
Keystart Country Housing Loan - For Rural Small Business Owners
4.54%
4.54%
$0
$0 p.a.
98%
More info
Keystart Aboriginal Home Loan
Keystart Aboriginal Home Loan
4.54%
4.60%
$631.70
$0 p.a.
98%
More info
Keystart Disability Home Loan
Keystart Disability Home Loan
4.54%
4.60%
$631.70
$0 p.a.
98%
More info
Keystart Sharedstart Home Loan
Keystart Sharedstart Home Loan
4.54%
4.63%
$1,231.70
$0 p.a.
98%
More info
Keystart Country Housing Loan - For Farmers and Pastoralists
Keystart Country Housing Loan - For Farmers and Pastoralists
4.54%
4.54%
$0
$0 p.a.
98%
More info
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Keystart lender profile

  • Keystart is a lender offering affordable home loan financing in Western Australia for first home buyers with low deposits. Keystart is a private company with one shareholder, the WA government's Housing Authority.
  • Unlike most lenders, Keystart offers home loans with deposits as low as just 2%. Because they're focused on housing affordability, there are income limits for applicants. If you earn more than a set amount you won't qualify for a Keystart loan.
  • Keystart offers several home loans, including a loan for first home buyers, a loan for Indigenous borrowers and a shared ownership home loan.

Keystart home loan types

Here's more information about Keystart's mortgage products:

  • Low Deposit Home Loan. This is a loan available with just a 2% deposit that also lets you avoid lenders mortgage insurance costs.
  • Shared Ownership Home Loan. Also available with a 2% deposit, this loan uses a shared equity model in which WA's Housing Authority funds part of your purchase, meaning you borrow less. The home will still be yours, and you can buy the remainder of the property later. If you sell the home, you may have to sell it to the Housing Authority in order to repay its share of the property.
  • Aboriginal Home Loan. This is a loan designed to assist Aboriginal residents to buy their own homes. There are low deposit and shared ownership options available, as with the products listed above.
  • Access Home Loan. This is a home loan for borrowers with permanent disabilities or carers of people with permanent disabilities.
  • Rural Home Loan. This is a flexible finance option designed for farmers and rural business owners.

How do I apply for a Keystart mortgage?

If you'd like to apply for a home loan from Keystart, please contact the lender directly.

Eligibility

Each Keystart product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia and of WA.

Documents required

When you apply for a mortgage with Keystart you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

  • Identification documents. You will need identification such as a driver's license, passport or birth certificate.
  • Proof of income documents. Recent payslips can establish your income.
  • Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

Home Loan Offers

Important Information*
Logo for Athena Variable Home Loan - Owner Occupier, P&I
Athena Variable Home Loan - Owner Occupier, P&I

Owner-occupiers with 20% deposits can get this competitive variable rate mortgage. $0 application fee and $0 ongoing fees.

More info
Logo for UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate
UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate

Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.

More info
Logo for HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)
HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.

More info
Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)

Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000. Refinance to an eligible Suncorp loan and get a cashback of $2,000 or $3,000, depending on your loan amount. Other conditions apply.

More info

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25 Responses

  1. Default Gravatar
    BreeAugust 30, 2017

    Would I be able to build a house and buy land privately whilst using my keystart homelone. Or do I have to build and buy through the building company supplied by keystart?

    Reply
    • Avatarfinder Customer Care
      RenchAugust 30, 2017Staff

      Hi Bree,

      Thanks for your inquiry. Please note that we are not affiliated with Keystart or any company we feature on our site and so we can only offer you general advice.

      Keystart is a home loan lending company offering affordable financing in Western Australia for first and subsequent home buyers with low deposits. The company was founded by the Department of Housing in Western Australia to provide affordable housing to its residents. Keystart home loans are targeted toward owner occupiers and are open to different groups of people, including those with disabilities, public housing tenants, Indigenous borrowers and ordinary borrowers who meet the eligibility criteria.

      I suggest inquiring with Keystart directly if there’s an option to buy a house/land privately using their loan.

      Best regards,
      Rench

      Reply
  2. Default Gravatar
    WillowJuly 25, 2017

    Need a phone number to call please. Perth.

    Reply
    • Default Gravatar
      JonathanJuly 25, 2017

      Hi Willow,

      Thank you for your inquiry today.

      You can find the contact information for Keystart Western Australia at this page.

      Hope this helps.

      Cheers,
      Jonathan

      Reply
  3. Default Gravatar
    brettMay 9, 2015

    Is Keystart dropping their interest rate?

    Reply
    • Avatarfinder Customer Care
      MarcMay 11, 2015Staff

      Hi Brett,
      thanks for the question.

      Keystart will announce their response to the RBA decision soon, you can check our RBA page to see how lenders respond to the rate cut.

      Cheers,
      Marc.

      Reply
  4. Default Gravatar
    jacquieFebruary 24, 2015

    can seniors qualify
    how long do I wait

    Reply
  5. Default Gravatar
    GarrethJanuary 3, 2015

    Hi,
    I’ve been in WA for over 2 years now living and working. Will Keystart require a credit check from NZ as well?

    Reply
    • Avatarfinder Customer Care
      MarcJanuary 5, 2015Staff

      Hi Garreth,
      thanks for the question.

      Keystart will conduct separate credit checks on both your Australian and New Zealand credit history. Depending on the nature of the credit listings, you may still be eligible for a home loan.

      I hope this helps,
      Marc.

      Reply
  6. Default Gravatar
    KennethOctober 14, 2014

    Do keystart home loan offer any offset account product?

    Reply
    • Avatarfinder Customer Care
      MarcOctober 14, 2014Staff

      Hi Kenneth,
      thanks for the question.

      Unfortunately Keystart doesn’t offer a home loan with an offset account. You can compare home loans with offset accounts here.

      I hope this helps,
      Marc.

      Reply
  7. Default Gravatar
    MangoesSeptember 5, 2014

    When do you have to start paying full mortgage once approved and the building process is in motion?

    Reply
    • Avatarfinder Customer Care
      ShirleySeptember 5, 2014Staff

      Hi Mangoes,

      Thanks for your question.

      Your repayment structure is determined upon application. Depending on the type of loan your opt for, you can make interest-only repayments for an agreed period of time.

      For more information, please get in touch with Keystart.

      All the best,
      Shirley

      Reply
  8. Default Gravatar
    joanneSeptember 2, 2014

    Do you no if there something like that in qld

    Reply
    • Default Gravatar
      DebbieSeptember 22, 2014

      This is a question already asked, can you send me the link as well

      Do you no if there something like that in qld

      Reply
    • Avatarfinder Customer Care
      ShirleySeptember 23, 2014Staff

      Hi Debbie,

      I’ve emailed the link to you, please check your inbox.

      Cheers,
      Shirley

      Reply
    • Default Gravatar
      RachaelFebruary 11, 2015

      Hi,
      Could you send me the link as well please?
      Thanks

      Reply
    • Avatarfinder Customer Care
      ShirleyFebruary 11, 2015Staff

      Hi Rachael,

      Thanks for your question.

      Please see this link regarding the Queensland Government and its Indigenous Home Ownership Program.

      All the best,
      Shirley

      Reply
    • Avatarfinder Customer Care
      ShirleySeptember 3, 2014Staff

      Hi Joanne,

      Thanks for your question.

      I’ve found something similar on the Queensland Government website, I’ve emailed you the link.

      Hope this helps,
      Shirley

      Reply
  9. Default Gravatar
    WYLAugust 20, 2014

    IS THIS LOAN GOOD FOR A NEWLY PERMANENT RESIDENT AUSTRALIAN. I’VE RAD SOME REVIEWS ABOUT KEYSTART. JUST READ STHAT THEIR LOAN RATE ARE MORE HIGHER THAN BANKS AND SINCE IT IS A GOVT HOME LOAN WHENEVER THE GOVT CHANGE THEIR POLICY THERE’S A POSSIBILITY THAT THYE CAN CHANGE THEIR POLICIES ON HOME LOAN ANYTIME THEY WANT…IS THAT TRUE?

    Reply
    • Avatarfinder Customer Care
      ShirleyAugust 20, 2014Staff

      Hi Wyl,

      Thanks for your question.

      I’d recommend speaking to Keystart directly about how their home loans are financed and which policies they need to adhere to. According to their website, no government subsidies are provided to them.

      Interest rates are determined on a case by case basis, and so they may or may not be higher than what the banks are currently offering.

      All the best,
      Shirley

      Reply
    • Default Gravatar
      WYLAugust 20, 2014

      Hi Shirley,

      Thank you so much for your quick response and advice.

      Reply
  10. Default Gravatar
    LoMay 13, 2014

    We both applied for a keystart loan. The house is a month away from handover but we have been seperated for 5 months. My partner will not be moving Into the house. When can he sign everything over to me in regards to laws etc?

    Reply
    • Avatarfinder Customer Care
      MarcMay 13, 2014Staff

      Hi Lo,
      thanks for the question.

      This question is best suited towards Keystart Home Loans directly. They’ll be able to advise you on what you should in your current situation.

      Sorry I couldn’t be of more help,
      Marc.

      Reply
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