Is this your first time building?

We have access to a range of finance options. Let our partners at V Homeloans find the best loan to suit your needs.

We’re here to guide you every step of the way.

Buying your first home is an exciting but challenging journey. There’s a lot of information to take in, but that’s why we’re here, to help you through!
If you’re just starting out, we’ve put together a helpful guide to building your first home, which has everything you need to know right now about building in Perth.

Thanks to our finance experts at V Homeloans, you can access the best loans for buying your first home or investing in property. At V Homeloans, you’ll have access to a wide range of first home buyer loans, with low deposit home loan products exclusively suited to first home buyers.

We’ve explained some of the most popular first home buyer loans and incentives below.
Have a read through the options, and then have a go at our Loan calculator. This is an easy tool to give you an idea of how much you might be able to borrow. We’ll crunch the numbers to see how much you could be eligible for to build your new home. If you have any questions please feel free to get in touch, we’re here to help.

  • 1. Keystart Home Loans

    Buying your first home and struggling to save for a deposit?
    Keystart could be your solution!

    For those eligible, the Keystart Home loan only requires a 2% deposit, of which only 1% needs to be genuine savings. Plus, there is no lenders mortgage insurance (LMI) and no ongoing monthly account keeping fees – which can save you thousands!

    To put it into perspective, we’re talking repayments of approximately $50 a week during the construction period, Keystart makes home ownership affordable for everyone!

  • Exciting Key Start Changes!

    What’s this Keystart all about then?

    • Keystart is the State Government home loan lender who gives super low deposit home loans (as in 2% low) as explained above and doesn’t require lenders mortgage insurance or monthly account keeping fees.
    • So starting now (until December 31st) , Keystart have increased maximum income limits.
    • The income limits will increase by $15,000 for singles and couples and by $20,000 for families:
      • For singles the income limit has been increased to $105,000
      • For couples the income limit is now $130,000
      • And the family income limit has been raised by $20,000 to $155,000

    So what does this mean for me?

    • This will help more West Aussies into homes – winning!
    • By increasing income limits, it’s estimated that around 11,000 additional households will qualify for Keystart finance.
    • It will make buying a new home easier, and help boost activity in the building industry.
    • These increased limits are applicable to contracts of sale entered into in the Perth Metro area, different income limits apply for regional areas.

    So if you now fall into any of these income brackets, you may now be able to get a Keystart loan. Yep, even if finance wasn’t possible in the past!

  • 2. Low Deposit Home loans

    Most lenders require a minimum of 5% genuine savings as deposit to purchase your first home. However, our partners at V Homeloans  have access to lenders and first home loan products that may allow you to get into your new home without genuine savings, or with less than the full 5% deposit, if you are renting!

  • 4. Guarantor Loans

    Guarantor Loans allow your parents or immediate family members to help you finance the purchase of your new home. By utilising their equity, they can act as a guarantor to assist you with finance.

    This can reduce the amount of deposit required at settlement which makes buying your first home even easier!

  • 5. Construction Loans

    Construction home loans are very different from a standard home loan. Thankfully, construction finance is in our DNA! V Homeloans works closely with us (your builder), your developer and lender to guide you through the construction process to get you into your new home sooner.

  • 6. First Home Owners Concessions and incentives.

    First Home Owners Grant & Stamp Duty Concessions

    As a first home buyer, if you are eligible for the First Home Owner Grant, you may also be eligible for stamp duty concessions. Leave that with us! We’ll ensure you get everything you are entitled to when it comes to buying your first home.

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