As of May 1st 2019 Keystart have announced they are making it easier for West Australians to achieve their dream of homeownership by increasing their income limits. This means that those who previously may not have met the eligibility criteria for their low deposit home loan, may now!
What is a Keystart Home Loan?
It is low deposit home loan options for both first and subsequent homebuyers. Keystart's standard home loan has a 2% deposit requirement which greatly assists people access funding. Keystart does not charge lender's mortgage insurance saving you thousands.
The income limits will increase by $15,000 for singles and couples and by $20,000 for families for first and subsequent homebuyers and are effective from 1 July 2019.
- The income limit for singles is now $105,000 - previously $90,000
- The income limit for couples is now $130,000 - previously $115,000
- The income limit for a family is now $155,000 - previously $135,000
These increased limits are applicable to contracts of sale entered into in the Perth Metro area, different income limits apply for regional areas.
Available for all applications from May 1 2019 until December 31 2019.
Benefits of Keystart
- Keystart does not charge lender's mortgage insurance saving you thousands
- No monthly account keeping fees
