Keystart Home Loans – WA Government's Low Deposit Modular Loan
Hope Coumbe, Finance Editor
First published 20 June 2025, 04:45 PM
What are the Keystart Low Deposit Modular Loan eligibility requirements?
The Keystart Low Deposit Modular Loan, announced by the Western Australian Government in June 2025, has the following requirements:
- You must be building a modular home (one constructed entirely offsite in a specialised factory and delivered to a block of land)
- You must have saved a 2% deposit.
What are the Keystart Low Deposit Modular Loan property price limits?
No property price limits have been set yet for the Keystart Low Deposit Modular Loan.
Benefits of the Keystart Low Deposit Modular Loan
There are several benefits to the Keystart Low Deposit Modular Loan, outlined below:
Low deposit
Similar to other Keystart loans, the Low Deposit Modular Loan only requires a 2% deposit. This makes the modular housing option more accessible.
Encourages modular housing
This loan is specific for modular housing, encouraging the development of a new style of house in the Australian market which can help boost the supply of housing to the Western Australian market.
Covers all aspects
The Keystart Low Deposit Modular Loan covers the land, the construction, transport and connection to foundations.
Who is the Keystart Low Deposit Modular Loan backed by?
The loan is backed and administered by the Western Australian Government.
Can the Low Deposit Modular Loan be used in conjunction with other incentives?
Yes. Applicants accessing the Low Deposit Modular Loan may also qualify for the First Home Owner’s Grant to save a further $10,000 on costs. Additionally, if your first home is priced under $450,000, you might also avoid paying stamp duty, or only pay a concessional rate for purchases between $450,001 and $600,000.
