Locale Homes
Locale Homes
Inform – Finance Options2026-08-26T08:03:42+08:00

Your deposit might not be the whole story.

You may not need a 20% deposit before you can start exploring home ownership.

Low-deposit loans, government guarantees, shared equity programs and other funding options could help eligible buyers take the next step sooner. The key is understanding which options fit your circumstances and what they may cost over time.

One goal.
Different ways to get you there.

There is no single best finance option for every buyer.

Your income, savings, existing debts, credit history, household structure and the home you want to build can all affect which pathways are available.

Locale’s in-house finance team can help you understand your position, explore suitable options and make sure your finance works with your land and home choices.

A quick look at your finance options.

Low-deposit home loans

Some lenders may let you get started with as little as a 5% deposit. You may need to pay Lenders Mortgage Insurance (LMI) unless you qualify for an eligible government scheme, though some lenders let you add the LMI cost to your loan rather than paying it upfront, which can take total borrowing to around 97% of the property value.

Family Guarantee

Some lenders may let a family member use equity in their own property as additional security for your loan. This can reduce or remove the need for a cash deposit and may help you avoid LMI. It’s a real financial commitment for the guarantor as well as you, so eligibility, lending criteria and full understanding of the risks all apply.

First Home Guarantee (Australian Government 5% Deposit Scheme)

Eligible first home buyers may be able to build with a deposit of 5% without paying LMI. The government guarantees part of the loan, but you remain responsible for the repayments.

Keystart home loans

Keystart helps eligible Western Australians buy with a smaller deposit and no LMI. Lending limits and eligibility requirements apply.

Help to Buy

This shared-equity scheme allows the government to contribute towards an eligible home, reducing how much you need to borrow. In return, the government owns a share of the property.

First Home Super Saver Scheme

This scheme lets you make eligible voluntary contributions into super and later withdraw them towards you first-home deposit.

Locale's $25K Deposit Boost*

Eligible buyers may be able to access up to $25,000 deposit boost through Locale. It’s not a grant, so repayments, fees, lending criteria and conditions apply.

LOCALE’S $25K DEPOSIT BOOST

A little more behind your deposit.

Locale’s exclusive $25,000 Deposit Boost is designed for eligible buyers who may be able to manage home loan repayments but are being held back by the upfront deposit.

Your New Home Advocate will help you:

  1. Check whether you meet the eligibility requirements.
  2. Understand how the Deposit Boost is structured.
  3. Explore whether it can work with relevant grants or schemes.
  4. Review the repayments, costs, and conditions.
  5. Match your approved position with suitable land and home options.

The Deposit Boost is not a government grant or free cash. Eligibility, lending criteria, fees, repayments, and terms and conditions apply.

What could

work for you?

The best option isn’t always the one with the smallest deposit. Interest rates, fees, insurance, repayments, ownership structure and long-term flexibility should all be considered.

Locale Homes can help you compare the available pathways and understand what they could mean for your complete home journey.

You don’t need to have it all figured out.

You don’t need to have your finance sorted, your land chosen or your perfect home picked out. Tell us where you are in the journey and your New Home Advocate will help you understand what comes next.

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Your first home starts here.

Download our free First Home Buyers Guide for clear, practical advice on finance, grants, land, choosing a builder and what to expect throughout the journey.

Still wondering if
you’re ready?

Will I be pressured to make a decision?2026-08-07T13:02:09+08:00

No. The first conversation is about understanding where you are and helping you identify the right next step.

The final answer should only be used if the no-pressure statement accurately reflects Locale’s sales process.

How much does Locale’s service cost?2026-08-07T13:01:51+08:00

Nothing. You do not pay Locale a service fee. Locale is compensated by the builder you choose.

What if I’m only starting to explore?2026-08-07T13:01:20+08:00

That is exactly when a conversation can help. You do not need to know what home you want or have every detail worked out.

Do I need to have land already?2026-08-07T13:01:01+08:00

No. Locale can help you explore suitable locations and land options based on your goals and budget.

Do I need finance approval before contacting Locale?2026-08-07T13:00:42+08:00

No. Your New Home Advocate can help you understand where you stand and connect you with the right people to explore your financial position.

Locale Home Building Broker in Perth
Locale Homes

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In the spirit of reconciliation Locale Group acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

Locale Homes Australia Pty Ltd trading as Locale Homes WA.ACN 665 749 075. Locale Homes reserve the right to alter or amend any offers without prior notice. Locale Financial Services Pty Ltd trading as Locale Financial. ACN 640 621 352. Images are for illustrative purposes only.

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