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.

Features	Low Deposit Loan fact sheet
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)	We charge a Loan Provision Charge (LPC), which is much less than LMI for most borrowers.
Manageable home 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 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.