|The Low Deposit Loan is ideal for customers who want a smaller deposit who want to:
|Ideal for customers who want:
|For customers to be eligible for a HomeStart Home Loan, they must meet the following conditions:
|Customers must have a clear credit history - no adversity, rectified or unrectified should be listed on the customer’s current Equifax credit report.
HomeStart is required to be the first
mortgagee on all properties used as security for HomeStart loans.
|Availability of Secondary / Deposit and Fee Assistance products:
|Circumstances when TMD no longer appropriate
Distributors will report if they become aware of a significant dealing event in relation to this TMD,
within 10 business days.
|Effective Date 1 July 2023. R/21/1254673
Important Information about TMD’s
A TMD is not intended to provide you with financial advice.
The information in a TMD does not take into account your individual objectives, financial situation or needs and before making any decision you should refer the relevant Terms & Conditions and Fees & Charges information and other supplementary documents, such as the Key Fact Sheet to consider whether the product is appropriate for you.
If you are looking to report information to HomeStart in relation to our product Target Market Determinations, you can email us at DDOreporting@homestart.com.au.