home loans

EquityStart Loan

The EquityStart Loan is an additional loan of up to $50,000 for current public housing tenants. It is combined with a HomeStart loan to boost your borrowing power. You can use it to buy the Housing SA home you’re living in (if it’s for sale), another Housing SA property, buy on the private market, or build.

Register your interest for EquityStart

Features
Boost your borrowing power	EquityStart is combined with another HomeStart loan to boost your borrowing power by up to $50,000.
Eligibility	At least one current leaseholder in a Housing SA property, including Aboriginal Housing Authority and South Australian Community Housing tenants.
Deposit	Deposit costs depend on which HomeStart loan you take out.
Buy or build	Available in metropolitan and some regional areas across South Australia.
Save on Lenders Mortgage Insurance (LMI)	We charge a Loan Provision Charge (LPC), which is much less than LMI for most borrowers.
Repayments	Repayments are not required on EquityStart until you’ve paid your HomeStart loan portion in full.
Subsidised interest rate	EquityStart has a lower interest rate equivalent to CPI.
Voluntary repayments	Voluntary repayments will go to EquityStart first.
Redraw	Available if you have made voluntary repayments.
Use your equity	As your equity grows, you may have the option to use it to renovate.