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Get into your own home sooner.

Here are some of the ways we do things differently at HomeStart:

  • Get started with a smaller deposit


    You could get a home loan from as little as 3% deposit if you’re buying an existing home, or just 6% if you’re building.*

    Our Graduate Home Loan is a low deposit loan available to eligible graduates with a Certificate III/IV, diploma, bachelor degree or higher qualification. Not a graduate? You could buy your home with a Low Deposit Loan.

    We will also let you know about any government entitlements, fees and other charges that could be applicable when you’re buying a home.

    * Terms, conditions, eligibility criteria, fees and charges apply.

    Apply now

  • Build with lower upfront costs


    You could build your home with no loan repayments for the first 9 months, or until construction is complete - whichever comes first.

    Our Graduate Loan can get you started building the home you want, from 6% deposit.* And if you’re eligible for the $15,000 First Home Owner Grant, you can use those funds to put towards your deposit, fees and charges.

    When you build, you only pay stamp duty on the land, which can be much less than what you pay for an existing home. You can also choose to buy a block of land now and build on it at a later stage, which gives you an opportunity to save money and reduce your home loan balance by the time it comes to build.

    Find out more about building a home with HomeStart here.

    * Terms, conditions, eligibility criteria, fees and charges apply.
  • Save thousands on LMI


    Most banks and credit unions require Lender’s Mortgage Insurance (LMI) to protect them in case you default on your loan.

    It’s their insurance but you have to pay for it, and it can add up to tens of thousands of your savings. HomeStart use a Loan Provision Charge (LPC) which works like LMI, but will cost most borrowers much less.

  • Repayment safeguard


    Worried about how you’ll manage your repayments if interest rates go up?

    We help take the stress out of paying off your loan with our Repayment Safeguard.

    Here’s how our Repayment Safeguard works. While most lenders link repayments to interest rates, HomeStart initially links them to what you can afford. As a result, your repayments will usually only change every 12 months based on inflation, and not whenever interest rates change.

    So, if interest rates go down you’ll be paying off your loan faster; if they go up it might take a little longer. It’s a stress free way to pay off your home loan.

  • Boost your borrowing


    Location and size are two important considerations when buying your own home.

    But sometimes, the price difference between what you can afford and where you want to live is just too much.

    Our Advantage Loan and Breakthrough Loan are designed to help boost your borrowing power, so you have more options when it comes to choosing a home.

    We also offer other options for those on a limited income, or current public or community housing tenants, such as our Wyatt Loan and EquityStart Loan.


How much can I borrow?

This calculator will give you an indication of the maximum amount you may be able to borrow to buy a home.

? Include all:
Net income received from wages/salary/overtime
Net rental income
Net business/partnership income
Family tax benefits part A & B
Child support


? Include all dependant children and any
non income earning adult partners
not included on the loan application

? Include the sum of all credit cards,
store cards and overdraft limits

? Include all other loan repayments
including child support payments and HECS repayments

+ More options
Privacy statement

This calculation is not an offer of credit and is intended as a guide only.

Fees and charges include establishment fee, valuation fee, Loan Provision Charge, conveyancing fees, settlement fee and government fees such as title search fees and stamp duty.

*The Advantage Loan is combined with another HomeStart loan that suits your situation. No repayments are required until you have paid your HomeStart loan portion in full.

*The Breakthrough Loan is combined with another HomeStart loan that suits your situation. No repayments are required on the Breakthrough component of your loan until your property is sold. A 3% facility fee for the Breakthrough Loan has been included in the repayment amount indicated above.

Remember, to be eligible for a home loan with HomeStart you must:
  • Have a regular income, this can include some Government payments
  • Be over 18 years of age
  • Must live in the home
  • Be an Australian permanent resident or an Australian citizen
  • Be purchasing a home within South Australia

Want to find out more?

Call us on 1300 636 878 or

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Level 5, 169 Pirie St, Adelaide SA 5000