Low Deposit Home Loan

 If you want expert assistance finding the right Home Loan, you’ve come to the right place. Peel Finance Brokers are ready to help you with your Home Loan.

Low Deposit Home Loan – Keystart

Peel Finance Brokers can help you to get your Keystart ‘Low Deposit’ home loan. It is a variable interest rate loan which can be used by owner-occupiers to buy an established home or build a new house. This loan is available to both first home buyers and subsequent home buyers and we lend across the State of Western Australia.

Income and Property Purchase Price Limits

NOTE: Keystart is increasing the maximum income limits for our low deposit home loan for the second half of the 2019 calendar year. The income limits will increase by $15,000 for singles and couples and by $20,000 for families for first and subsequent home buyers and are effective from 1 July 2019.

Increased limits

Region Current Income Limits New Income Limits Property Purchase Price Cap
Metropolitan area

$90,000 (Singles)

$115,000 (Couples)

$135,000 (Families)

$105,000 (Singles)

$130,000 (Couples)

$155,000 (Families)

Regional Areas (excluding Kimberley & Pilbara

$110,000 (Singles)

$135,000 (Couples)

$135,000 (Families)


$125,000 (Singles)

$150,000 (Couples)

$155,000 (Families)


$120,000 (Singles)

$150,000 (Couples)

$150,000 (Families)

$135,000 (Singles)

$165,000 (Couples)

$170,000 (Families)


$150,000 (Singles)

$180,000 (Couples)

$180,000 (Families)

$165,000 (Singles)

$195,000 (Couples)

$200,000 (Families)


When are these changes effective from?

The increased income limits will be available to all applicants who enter into sales contracts to purchase an established property or build a new home from 1 July 2019 until 31 December 2019. Keystart will accept applications using the higher income limits from 1 May 2019 to give consumers confidence they can begin their search for a home knowing what they may be eligible to borrow. The sales contract must settle after 1 July 2019. The income limits will then revert to the current levels from 1 January 2020.

Deposit and savings requirements

The amount you buy your home for The deposit required
Up to $480,000 2% deposit *
$480,001 – $500,000 5% deposit
$500,001 – $650,000 7% deposit

* Higher of 2% or $2,000 is required

Term of loan 30 years
Maximum other debts My existing monthly debt repayments are less than 10% of my gross income
Lenders mortgage insurance Not required
Loan keeping fees 0%
Additional repayments Yes
Loan increases Yes
Repayment frequency Monthly
Statement frequency 6 monthly

Keystart Terms and Conditions, fees and charges and normal lending criteria apply.  Rates and limits stated are subject to change without notice.


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Need Help? Low deposit Home Loan Questions?

5 Reasons To Let Us Help You With Your Home Loan

A home is where lives are shaped and life long memories are made. Let us help you secure your dream home.

1 – We Find You Great Rates

We are Perth , Mandurah & Peel region mortgage specialists that have access to over 20 lenders at competitive rates. Often, Banks will give us access to discounted rates that we can pass on to you

2 – Expert Advice and Experience

By choosing us as your Mandurah Mortgage Broker, you are utilising our Experience and Knowledge to find a solution that works for you. We are familiar with the Home Loan Application process and the paperwork required. We know what has worked and what to look out for. Our friendly team can guide you through the Home Loan process and ensure nothing is missing or overlooked.

3 – We Help You Avoid Nasty Surprises

We negotiate with the lenders on your behalf to find a great deal that works for you. While Banks group products together and get you to sign on to an entire package, we can negotiate on your behalf and avoid potential hidden costs and nasty surprises.

4 – Accredited

As mortgage brokers, we are accredited with numerous banks and lenders.

5 – Obligation Free Help

When you sit down with us to discuss your finance needs you are not obligated to sign up to any deal or make a payment. We simply listen to your situation and present the options to you and offer our assistance. So you have nothing to lose by speaking to us before you go ahead with a home loan.

Home Loan Lenders Peel Finance

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