You can move in sooner for less
From as little as 3% deposit*
Our deposits start from as little as 3% if you’re buying a property, and 6% if you’re building.
You can also save thousands on upfront fees. Lenders’ Mortgage Insurance (LMI) is something most banks and credit unions require to protect themselves in case you default on your loan. HomeStart doesn’t do this. We have something called a Loan Provision Charge (LPC) instead – it’s like LMI, just a lot cheaper for most borrowers.
We will also let you know about any government entitlements, fees and other charges that could be applicable when you’re buying a home.
Calculate how much deposit you need
Your situation is unique...So are we!
Innovative products to improve your eligibility
We assess your individual situation and will base your initial repayments around what you can afford.
We even accept some Centrelink payments as income.
We also offer innovative products to improve your eligibility. For example, graduates with Certificate III or higher are eligible for HomeStart’s Graduate Loan, which allows you to get started from as little as 3% deposit.
Find out more about HomeStart
Take the stress out of your repayments
Introducing our Repayment Safeguard
Worried about how you’ll manage your repayments if interest rates go up?
We help take the stress out of paying off your loan with our Repayment Safeguard.
Here’s how our Repayment Safeguard works. Instead of linking your repayments to interest rates, we work out an initial repayment rate based on what you can afford. Usually, the only change will be an adjustment for inflation once every 12 months.
So, if interest rates go down, you'll pay off your loan faster. If they go up, it'll take a little longer unless you choose to make voluntary repayments. Either way, you won’t have to stress about changing interest rates and you can enjoy living in your own home with peace of mind.
Calculate your repayments
Live where you want sooner
Borrow more without increasing your monthly repayments
Location and size are two important considerations when buying your own home.
But sometimes, the price difference between what you can afford and where you want to live is just too much.
The good news is HomeStart has loan options that boost your borrowing power and let you live where you want, sooner. We also offer other options for those on a limited income, or current public or community housing tenants.
Learn about boosting your borrowing power
Refinance with a bank when you're ready
We understand your circumstances might change over time
HomeStart is here to help you get into your own home sooner from as little as 3% deposit.
We are happy if you decide to refinance with a bank after a few years of home ownership. We just want you to pick the loan that’s best for you, and understand your circumstances might change over time.
Compare our home loans
* Terms, conditions, eligibility criteria, fees and charges apply.