|Deposit||Start with as little as a 5% deposit to buy an existing home, and 8% deposit to build.|
|Save on Lenders Mortgage Insurance (LMI)||Most lenders charge Lenders Mortgage Insurance. We have a Loan Provision Charge instead which costs a lot less for most customers.|
|Borrow more||Combine the HomeStart Home Loan with another loan to borrow up to 30% more, without increasing your repayments.|
|Buy or build||Buy an existing home, build, refinance, or buy land now and build later. Available in metropolitan and some regional areas across South Australia.|
|Manageable home 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 made voluntary 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.|
Is English not your first language? Our HomeStart Home Loan fact sheet is also available in Arabic, Dari, Kirundi, Nepali, and Persian. Please select from the documents below for your preferred language.
Are you looking for a home loan with an even lower deposit? The Low Deposit and Graduate home loans can get you started with as little as a 3% deposit.
You can also learn more by visiting our educational website MyStart for useful tips on saving, budgeting and buying a home.
Eligibility criteria, terms and conditions apply. Fees and charges are payable.