Keystart · WA government lender
Are you eligible for a Keystart home loan?
Keystart is the Western Australian government home loan provider. It helps eligible buyers into a home with a low deposit and no lenders mortgage insurance. Eligibility depends on your household income and the property price. Enter your numbers below for an instant indicative check, then talk to a Perth broker to confirm.
Indicative only. Not credit assistance. Keystart thresholds change and the figures used here are indicative and must be confirmed with a CLS broker and keystart.com.au before you rely on them. [ASSUMPTION] Minimum deposit 2% with no LMI. [ASSUMPTION] Income caps: single up to $148,000, couple or family up to $218,000. [TBC verify] Perth metro property price cap up to $560,000 and regional WA up to $560,000. The BRIEF notes an $800,000 figure for some products. Confirm the live Keystart cap before publishing.
How it works
What is a Keystart home loan?
Keystart is the Western Australian government home loan provider, set up to help people who can afford repayments but struggle to save a large deposit. Keystart loans need a low deposit, charge no lenders mortgage insurance, and have household income and property price limits that you must meet to qualify.
| Feature | Keystart Low Deposit | First Home Guarantee |
|---|---|---|
| Who provides it | WA government (Keystart) | Federal scheme via participating lenders |
| Minimum deposit | From 2% [ASSUMPTION] | From 5% |
| Lenders mortgage insurance | None | None (government guaranteed) |
| First home buyers only | No | Yes (and recent re-entrants) |
| Income limits | Yes, WA household caps | Yes, federal caps |
| Property price limit | Yes, WA caps [TBC verify] | Yes, regional caps |
| Threshold | Indicative figure |
|---|---|
| Single income cap | Up to $148,000 [ASSUMPTION] |
| Couple or family income cap | Up to $218,000 [ASSUMPTION] |
| Minimum deposit | 2% of purchase price [ASSUMPTION] |
| Perth metro property price cap | Up to $560,000 [TBC verify] |
Straight answer
Does a Keystart loan cost you a broker fee?
No. Central Lending Solutions compares Keystart alongside more than 30 mainstream lenders and most clients pay us no fee, because the lender pays our commission when your loan settles. We are bound by the Best Interests Duty, in force since 1 January 2021, so we recommend the option that genuinely fits you.
Common questions
Keystart eligibility FAQs.
What is a Keystart home loan?
Keystart is the Western Australian government home loan provider. It helps eligible buyers into a home with a low deposit and no lenders mortgage insurance. Keystart has income limits and property price limits, and most borrowers refinance to a mainstream lender once they have built equity.
What deposit do I need for a Keystart loan?
Keystart loans are designed for low deposits, often as little as 2 percent of the purchase price for the standard Low Deposit Home Loan, with no lenders mortgage insurance. Deposit and genuine savings rules change, so confirm the current Keystart requirement with a broker before you make an offer.
What are the Keystart income limits in WA?
Keystart sets maximum household income limits that change over time. As an indicative guide, single applicants and couples or families have different caps. The figures in this calculator are indicative only and must be confirmed against the current Keystart limits before you rely on them.
Can a Perth mortgage broker help with Keystart?
Yes. Central Lending Solutions compares Keystart alongside more than 30 mainstream lenders, so you can see whether Keystart or a low-deposit option from another lender suits you better. We are based in Osborne Park and most clients pay us no fee because the lender pays our commission.
Here to help
Find out if Keystart is right for you.
Book a free chat with a named Perth broker. We will check Keystart against more than 30 lenders and tell you honestly which option fits best.
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