What is keystart home loans? Keystart Home Loans was established in 1989 by the WA Government to help eligible West Australians achieve home ownership. Keystart does this by offering affordable, low deposit home loans with no lenders mortgage insurance.How much deposit do i need to buy a keystart home? The loan offers a low deposit which can start at 2% of the home value, and is open to both first-time and subsequent home buyers. Like all other Keystart home loans, this loan offers a redraw facility, zero loan keeping fees, a maximum loan term of 30 years and an option for extra payments.What is keystart and do i qualify? Do I qualify? Keystart is a WA Government initiative to help homebuyers get into their own home faster, by lowering the deposit needed to as little as 2% – lower than the deposit requirements of many lenders. Plus with Keystart the First Home Owners Grant can count towards your 2% deposit.Is keystart worth the money? Pricey but worthwhile. Keystart is extremely expensive but it was the only financial institution which helped me get into my new home. If you can get it cheaper go for it but if like me you don't qualify for any other loan then its worthwhile. They are extremely helpful and efficient which is a massive plus.