Starter Loan

Borrow up to $10,000 towards upfront costs

When you want to buy a property, it can be hard to save for upfront costs on top of your deposit. The Starter Loan gives you a fair chance to buy or build a home by providing up to $10,000 towards upfront costs such as any applicable stamp duty, establishment fees or other associated fees.

This additional loan must be taken out alongside one of our home loans. Note that Starter Loans are limited and subject to the availability of funds from the Affordable Housing Fund.

Loan features

Repay at your pace

The Starter Loan has a seven-year term with no interest charged during this time. You won’t have to make repayments for the duration of this loan. However, you can choose to make voluntary repayments towards it whenever you like.

You will continue to make the minimum monthly repayments we've set for your home loan. 

At the end of the seven years, the Starter Loan balance is to be paid off or, at HomeStart’s discretion, the balance can be rolled into your home loan.

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