HomeStart Home Loan

HomeStart Home Loan

The HomeStart Home Loan offers flexible interest rate and repayment options. You can buy an existing home, buildrefinance, or buy land now and build later. We'll get you started with as little as a 5% deposit with less upfront costs.

Available when buying a home in South Australia, for residential use only.


Deposit Start with as little as 5% deposit plus upfront costs to buy an existing home, and 8% deposit plus upfront costs to build. 
Save on Lenders Mortgage Insurance (LMI) Most lenders charge Lenders Mortgage Insurance. HomeStart does not charge LMI.
Borrow more Combine the HomeStart Home Loan with another loan to borrow more, without increasing your repayments.
Buy or build Buy an existing home, buildrefinance, 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.

HomeStart Home Loan fact sheet     Target Market Determination

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 2% 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.