Deposit Options
0%
If your parents have a nice chunk of equity built up in their home—think of it like a hidden treasure
—they might be up for some exciting teamwork as your guarantors! This means they can help you score your own home and skip that pesky Lenders Mortgage Insurance fee.
And if they’re in a super generous mood, they might even gift you some funds for your deposit!
It’s like getting a head start in the race to homeownership. So, chat with them and see if they’re
ready to team up for your dream home adventure!
2%
Funded by the WA Government, Keystart can help you into your own home with a low deposit,
and you don’t pay Lenders Mortgage Insurance. Your funds can also be gifted to cover your
deposit. Dreaming of owning your own home? With Keystart, made possible by the WA Government, you can turn that dream into a reality without breaking the bank!
You can jump into home ownership with a super low deposit—no need for Lenders Mortgage Insurance, which means more money in your pocket for fun things! And guess what? You can even get some help from family or friends because they can gift you the funds for your deposit.
5%
Did you know that most banks will let you borrow up to 95% of your home’s value? That means
you can get a big boost toward owning your dream home! If you’re jumping into a special
scheme, all you need is a 5% deposit, and guess what? You can say goodbye to Lenders
Mortgage Insurance (LMI)—yay for saving money!
But if you’re not in the scheme, you’ll have to pay for LMI, or you can tack it onto your loan. So,
whether you’re saving for that deposit or checking out your options, we will help you out no
matter which finance path you’re on!
20%
If you’ve got a big deposit saved up, you could say goodbye to lenders mortgage insurance and
snag a sweeter interest rate! Banks see you as a low-risk borrower when you have a hefty deposit, which can mean lower rates. Saving up such a big chunk can be tricky, though, so chatting with our mortgage broker can help you map out the best plan to get there!
