home loans

Graduate Loan

The Graduate Loan is a low deposit home loan with flexible loan options, to help you buy or build your own home sooner. It’s a good option for first home buyers, next home buyers or to refinance.

It’s available to graduates with a diploma, degree or higher qualification, as well as South Australian Police Officers and enrolled nurses. If you’ve completed your study within the last 10 years you could be eligible.

Features
Low deposit home loan	Get started with as little as a 3% deposit to buy an established home, or a 6% deposit to build.
Save on Lenders Mortgage Insurance (LMI)	We charge a Loan Provision Charge (LPC), which is much less than LMI for most borrowers.
Boost your borrowing power	Option to combine with another loan to boost what you can borrow, without increasing your repayments.
Buy or build	Available in metropolitan and some regional areas across South Australia.
Manageable loan repayments	Our Repayment Safeguard breaks the link between interest rates and repayment amounts.
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 loan repayments (capped at $10,000 p.a. for fixed rates).
Redraw	Available if you have a variable loan and have made voluntary loan repayments.
Repayment holidays	Take a break from your loan repayments.
Use your equity	As your equity grows, you may have the option to use it to renovate after 12 months.