$2,000 Deposit
Thinking you need a large deposit to get into your own home, well think again! You may not need to go to the traditional banks where you typically require a minimum of a 5% to 20% deposit before starting to consider the possibility of getting into your newly built home, not to mention the many years of savings!
You could possibly qualify for as little as a $2000 deposit to begin the dream journey of building your brand-new home. Contact us and enquire how we can make your dream a reality sooner than what you could have imagined or ever possble.
National Home Finance, are Home Group’s exclusive in-house finance experts, who specialise in home construction loans and understand the building process. They will be familiar with the home you want to build or the house and land package that you desire. They will have financial solutions that will be tailored to your very circumstances. They not only deal with the traditional banks but they also have a variety of lenders offering different and at times exclusive products, for different circumstances. They will guide you through the entire finance process and make the journey an enjoyable and memorable one.
Please complete the form and one of our team will be in touch to assist you as soon as possible.
- First Homebuyer Grants
- No & Low Deposits
- Keystart Homeloans
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Get Into Your Own Home Sooner!
From the beginning Home Group were smooth sailing. If we had an issue during the build it was fixed quickly without question. The quality of our new home is amazing and everyone who walks through our front door is wowed! We are in love with our new home!
I would highly recommend Home Group
Sabrina & Dylan
First Home Owner Grants
Home Group’s expert finance team can assist you with getting Federal or WA State Government grants that are available at the time. Sometimes the qualifications needed for grants can be confusing, but your Home Group Finance consultant will make it easier for you to understand. First home buyers in Perth may be able to take advantage of special First Home Owner Grants which can make a significant difference to your first home loan and your repayments.
Keystart Home Loans
Along with the available grants for first home buyers, WA home buyers can apply for a Keystart home loan which only requires a minimum 2% deposit. This no savings home loan option can allow for your deposit to be taken from the First Home Buyers Grant. This can help in ensuring there’s no lenders mortgage insurance (LMI) which can save you thousands. Keystart's low deposit home loans are a popular option but may not suit everyone, so it’s worth listening to advice from the experts.
Get Started with a No or Low Deposit Home Loan Today
If you’re looking at buying a home in Perth with a low deposit, having the Home Group Finance team working for you as soon as you start thinking about building a new home makes the whole new home building process easier, simpler and quicker. To find out more about Keystart’s no savings and low deposit home loan options, get in touch with Home Group WA on (08) 6241 4555 today.
Low & No Deposit Home Loans
Keystart offer low deposit home loans where they lend 98% of the purchase price. That means you’ll only require a 2% deposit to get started!
Here at Home Group, we have finance specialists from Home Finance WA that specialise in construction-based lending and can find the finance solution and package that best suits you! We have exclusive relationships with Keystart and major home lenders and we can ensure you have access to all the relevant government grants.
There are plenty of benefits to securing a low deposit home loan with Home Group WA. These include:
- Achieving your home ownership goals sooner
- Getting into the market quicker
- You can stop paying rent (and someone else’s mortgage)!
Pros
- Get into your home sooner
- Stop wasting money on rent
- Home Finance WA can help you choose the right product to suit your low deposit finance lending
Cons
- Only some lending bodies have these type of loans
- In some cases, you may pay a high interest rate initially
Speak to our in-house brokers from Home Finance WA who specialise in construction-based lending.
Yes, if you are a first home buyer, there are some no deposit home loan options available on certain house and land packages.
Yes, it could! First step is finding out if you qualify for a low deposit home loan. Our skilled qualifiers can assist you with this. They will then pass your details onto one of our home loan specialists who can discuss finance solutions for your individual requirements.
First Home Buyers
The First Home Owner Grant (FHOG), often referred to as the first home buyers grant, is a one-off payment from the WA Government to encourage and assist people to build their first home. You can also use it to secure a house and land package.
The First Home Owner Grant is $10,000.
In order to be eligible for the FHOG, you must be at least 18, an Australian citizen or permanent resident, and:
- haven’t received it previously
- haven’t owned a residential property anywhere in Australia before 1 July 2000
- haven’t owned residential property anywhere in Australia on or after 1 July 2000 and occupied that property as a place of residence before 1 July 2004
- haven’t owned residential property anywhere in Australia on or after 1 July 2000 and occupied that property as a place of residence for a continuous period of at least six months that began on or after 1 July 2004.
The maximum you can spend on your first home to remain eligible for the FHOG is $750,000 in the Perth metro area.
Yes, your broker can also assist with lodging this application.
Keystart
Based on a $350k house and land package, the minimum earning requirement is $60,000 PA.
Keystart home loans are available to anyone who does not currently own a home.
First step is finding out if you qualify for a Keystart home loan! Our skilled qualifiers can assist you with this. They will then pass your details onto one of our specialists who can discuss finance solutions for your individual requirements.
