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Aboriginal Home Loan

Are you an Aboriginal or Torres Strait Islander looking to get into a home of your own? Keystart offers two low deposit home loan options to help you achieve your home ownership dreams sooner.

We aim to support Aboriginal and Torres Strait Islander people with affordable home loan options.

Loan features

  • Dedicated Aboriginal home ownership team 
  • Two types of loans, full ownership and shared ownership
  • Shared ownership loan with the Housing Authority co-owning a share of the property with you, lowering your loan amount
  • Low deposit so you can get into your own home sooner
  • No lender's mortgage insurance

A loan to suit your situation

Our Aboriginal Home Loan options are designed to make affordable home ownership available for more Aboriginal and Torres Strait Islanders.

  • Lower entry costs

    • With a low deposit, it might not take you long to save the required amount so you can get into your own home sooner.
    • We don't charge lender's mortgage insurance.
  • Options to suit your situation

    • We recognise that everyone's needs are different.
    • We'll discuss which loan may suit you best, including our full or shared ownership loan for Aboriginal and Torres Strait Islander people.
  • Share your home loan

    • If a shared ownership home loan is the most suitable for you, the Housing Authority will co-own a share of the property with you, reducing your loan amount and monthly repayments.
    • Even though the Housing Authority retains a share of your property, the home is still yours. You can increase your share of the property whenever you able to do so.

Rates and fees

For purchasing homes in the

Maximum purchase price of a home:


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Click for more info
Click for more info

Deposit required

Maximum loan term

  • Lender's mortgage insurance $0
  • Additional repayments allowed? Yes
  • Flexibility in repayment frequency Yes
  • Monthly account keeping fees $0
  • Loan increases? Click for more info
  • Statement frequency 6 Monthly

Calculate estimated repayments Click for more info

Purpose of the home loan Click for more info

Payment frequency

Based on borrowing: Click for more info

Loan term of: s

Income limits

Just me (maximum income)
Two of us (maximum income)
Family (maximum income)

Get started!

Enter your details below to chat to one of our dedicated Aboriginal home ownership team.

You can also give us a call on 1300 578 278 to find out more.

 


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Five simple steps to home ownership

Getting your own home is an exciting time and will take you on quite a journey. Don't worry - we're here to help you through the process so you can focus on enjoying your new home.

  1. Do you qualify?

    We have a few eligibility requirements - you can find out if you qualify (we call this pre-qualification) in five minutes. Click here to get started.

     

  2. Conditional approval

    Find out how much you can borrow - so you'll know how much you can afford before you put in an offer.

    Start online or you can call 1300 578 278 to chat with our team. 

  3. Formal loan approval

    So, you've made an offer on a property. Exciting times! To move to formal approval you'll need to meet any outstanding conditional approval conditions. Then we'll send you documents to sign.

  4. Settlement

    Keystart's settlement agent will liaise with your settlement agent to organise settlement.

    Once settlement has occurred you can move into your new home! 

  5. Manage your loan

    We aim to support you through your home loan journey. The application process is just the beginning. Now you will begin to manage your home loan.

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  • My advice to anyone thinking of getting their own home is to take that next step. It's a step by step process. You might think you can never do it but have the confidence to just take the step.

    Aurora
    Keystart Aboriginal Home Ownership customer

    Let's get started

    Aboriginal Home Loan FAQs

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