Low Deposit Loan

HomeStart's Low Deposit Loan offers a low deposit option to buy a home in metropolitan South Australia. It’s a good option for first home buyers and next home buyers. To get started, you need clear credit and a good savings history.

Available when buying a home in South Australia, for residential use only. Eligibility criteria apply.


Buy existing Buy an established home in a metropolitan area across South Australia. Not available for construction.
Low deposit Get started with as little as a 3% deposit to buy an established property.*
Save on Lenders Mortgage Insurance (LMI) Most lenders charge Lenders Mortgage Insurance. We have a Loan Provision Charge instead which costs a lot less for most customers.
Manageable home loan repayments Our Repayment Safeguard helps take the stress out of interest rate changes by making your repayments more predictable. 
Interest rate options Choose a variable, fixed or split interest rate. Fixed rates are available for terms of 1-3 years.
No monthly account keeping fees HomeStart's home loans have no account keeping fees.
Voluntary loan repayments Fee free voluntary repayments (capped at $10,000 p.a. for fixed rates).
Redraw Available after 12 months if you have made voluntary loan repayments.
Repayment holidays Take a break from your home loan repayments.
Use your equity As your equity grows, you may have the option to use it to renovate or make home improvements.

Low Deposit Loan fact sheet

Have a Certificate III or higher qualification? You may be eligible for HomeStart's Graduate Loan.

*May not be available for all regions.

You can also learn more by visiting our educational website MyStart for useful tips on saving, budgeting and buying a home.

Eligibility criteria, terms and conditions apply. Fees and charges are payable.

Get into your own home sooner

Subscribe to our newsletter

Want to find out more?

Call us on 1300 636 878 or request a call back

Enter security code:
 Security code
Privacy statement
Are you an existing customer? Contact us

Connect with us


Level 5, 169 Pirie St, Adelaide SA 5000