Sign up for our FREE 8-week course to get on the property ladder.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
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.
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).
Looking for more mortgage options?
More guides on Finder
Victorian Homebuyer Fund
The Homebuyer Fund allows Victorians to buy homes with 5% deposits in exchange for a share of the property.
Shares vs commercial property: Are you missing out on serious cash flow?
Both shares and commercial property can deliver huge returns – but both have their risks. Here's how to decide which suits you best.
Why has the Bank of Queensland (BOQ) share price stumbled?
Shares in the Brisbane-based lender have risen nearly 60% in the last 12 months.
Expanded SME loan scheme now open to most Aussie businesses
Own a small business? The revamped SME loan scheme could help you power you through 2022 with no repayments for 2 years.
Community First Credit Union Accelerator Package Fixed Home Loan
A review of Community First Credit Union’s Accelerator Package Fixed Home Loan.
Home stretch: 1 in 3 Aussies would move if they could work from anywhere
Millions of Australian workers would move homes if it weren’t for their place of work, according to new research from Finder.
How much less can you borrow under new APRA home loan rules?
A stricter eligibility test could cut your borrowing power by 5%.
RBA Survey: Half of experts say Big Four will raise rates out of cycle, cash rate holds
With the property market showing no signs of slowing down, experts are split on what measures will be taken to dampen price growth.
RBA keeps mortgage rates cheap ahead of proposed lending crackdown
Here's why it may soon be harder to get a home loan even though low interest rates aren't going anywhere.
Super low 1.59% home loan rate – but what’s the catch?
Greater Bank has dropped some fixed rate home loans to just 1.59%. Find out if you're eligible to save thousands on your mortgage.
Home Loan OffersImportant Information*
Find the right home loan now
Ask an Expert