First Home Owner Finance Options

First Home Owner Finance Options

There has never been a better time to be a first home buyer in WA.

There has never been a better time to be a first home buyer in WA.
Low interest rates and great home loan options, combined with great building deals, are a perfect mix for first home buyers wanting to make the leap into home ownership.
There are many options available when it comes to first home owner finance.
Many banks are offering competitive deals, including low or no deposit options.
Furthermore, the State Government initiative Keystart  is helping West Australians realise their home ownership dreams.
 
What is Keystart?
Keystart’s standard home loan is a low deposit home loan scheme, which provides finance to owner occupiers who were unable to obtain assistance from home lenders.
It is offered to first and subsequent home buyers who are building or buying established homes.
Under the scheme, the metro area property purchase price is capped at $480,000 and the income thresholds are $90,000 for singles, $115,000 for couples and $135,000 for a family.
 
SharedStart Home Loans
Keystart also offer a SharedStart home loan - in conjunction with the State Government’s shared ownership scheme - to deliver affordable home ownership opportunities.
A range of homes are available in the scheme via The Housing Authority, many which have been built by My First by Pindan Homes too.
The SharedStart shared equity home loan is dependent on income and the size of your household and it works by the Housing Authority co-owning up to 30 per cent of the property.
A low deposit of $2000 or two per cent of the purchase price (whichever is greater) is required.
As part of the scheme, available properties are listed on the Opening Doors website or on Pindan’s own website and include newly-built homes and off-the-plan properties.
 
 Pindan has a range of top quality units, apartments, townhouses, villas and homes available to suit eager homebuyers who qualify for the program.
As an added bonus, the Pindan Homes team can assist with flexible finance options and we even double the $10,000 WA First Home Owner grant 
For more information about how we can help you in your home buying journey, contact our friendly sales team on 08 6555 3790 or visit one of our display homes to find out more.
 
Source: Pindan Homes