Update From Pulse Property Group & Buurman Finance Solutions
As you may have heard, the coalition government is planning to introduce a new first home buyer scheme nationally where you will only need a 5% deposit and can avoid paying mortgage insurance. BUT, did you know that we already have a state government scheme in WA called Keystart where this is already available?
Keystart home loans provide finance to home buyers (first, second or third) where you have a low deposit. Their requirement is only a 2% deposit and that the home is for owner occupied use only. You cannot own other properties.
Recently, in the state government budget, it was announced that from July 1st to December 31st, Keystart will change their requirements to make it easier to borrow with them. Previously their income thresholds/cap excluded many people from applying, but for the next 6 months they have increased these thresholds to enable more people to meet the criteria.
So, if you are looking to buy property to live in, and have a low deposit, please get in touch with us today so we can help you achieve this.