Keystart have recently lowered the genuine savings required to only 1% for homes of up to $480k.
Minimum deposit is 2% of the package price, so you can use the First Home Owner Grant can for the first 1% and get going with a further deposit of just a few thousand dollars!
You also have to be a WA resident and will need to live in your home. No mortgage insurance required.
Keystart is committed to helping West Australians into home ownership in its capacity as the lending arm of the State Government.
We can assist you with applying for a Keystart loan – to see if you qualify, just send through an enquiry and an accredited Keystart Broker will contact you to discuss.