Boost your borrowing power

Boost your borrowing power

Borrow more without increasing your monthly repayments, with a HomeStart secondary loan.

These loans are added to a HomeStartGraduate or Low Deposit loan to boost your borrowing power. With most of these secondary loans, there’s no need to make any repayments until your primary HomeStart loan has been fully paid. They also have a lower interest rate comparable to CPI. Being able to borrow more gives you more options when house hunting to choose a better location or bigger home to better suit your family.

Shared Equity Option

The Shared Equity Option allows you to borrow 33% more without increasing your repayments. Once you have reached your borrowing limit on a HomeStart home loan, the Shared Equity Option could provide access to additional funds without changing your monthly repayment.

Advantage Loan

An Advantage Loan of up to $45,000 is available if your household earns less than $60,000 per annum after tax. It also offers a lower interest rate.

Starter Loan

If you’re finding it hard to save enough for the deposit and upfront costs to buy or build a home, our Starter Loan could help by providing up to $10,000 and offers an interest and repayment free period of five years.

The Starter Loan is an initiative of the 2019 South Australia State Budget and supported by the Affordable Housing Fund.

Wyatt Loan

If you are on a limited income, the Wyatt Loan provides up to $10,000 towards the deposit, fees and charges, and offers an interest and repayment free period of 5 years.

Not sure which loan is right for you?

Use the how much can I borrow calculator to find out how much you can borrow and your loan repayments with the Advantage loan.

Call 1300 636 878 to speak to one of our friendly consultants for a personalised quote or complete the form below and we’ll call you within one working day.

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