Keystart increased income limits extended for 2020

First homebuyers who were feeling disheartened with lending from major banks can now breathe a sigh of relief, thanks to an extension to the increased income limits for Keystart Loan lending criteria.

Under changes made in the State Budget, the income thresholds for a Keystart Loan have been increased by $15,000 for singles and $20,000 for couples. Initially this extension was planned to end on 31^st December 2019, but has since been extended to 30^th June 2020.

This means that WA first home buyers can earn up to $105,000 as a single, $130,000 as a couple and $155,000 as a family and still be eligible for a Keystart Loan.

This is fantastic news for first home buyers looking to secure a loan, for more information on Keystart including eligibility criteria view our guide to Keystart loans here.

Keystart Home Loans

Increased limits now extended to 30 June 2020