The Graduate Loan is available to eligible graduates with a Certificate III or higher qualification.
Available when buying a home in South Australia, for residential use only.
Features
| Low deposit home loan | Get started with as little as a 2% deposit plus upfront costs to buy an established home, or a 5% deposit plus upfront costs to build.* |
| Save on Lenders Mortgage Insurance (LMI) | Most lenders charge Lenders Mortgage Insurance. HomeStart does not charge LMI. |
| 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 helps take the stress out of interest rate changes by making your repayments more predictable. |
| 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. |
| Use your equity | As your equity grows, you may have the option to use it to renovate after 12 months. |
Graduate Loan fact sheet Target Market Determination
Not a graduate? You may be eligible for HomeStart's Low Deposit Loan.
You can also learn more by visiting our educational website MyStart for useful tips on saving, buying a home and information for first home buyers.
*Eligibility criteria, terms and conditions apply. Fees and charges are payable.
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