First Home Builder Finance Options

There’s no ‘one size fits all’ approach, we tailor a finance solution to you.
WOW Homes Finance


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We believe every Western Australian deserves to own their own home, and we’ll help you regardless of your financial situation. You might think you won’t qualify for finance, but you’ll be surprised after speaking to a WOW Homes building consultant. So give it a go!

Zero savings?
No deposit?
Personal loans?
Credit Cards?

We strive to make it as easy as possible for you to get into your own home.

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Start your journey with us. From your finance application to the day you receive your keys, we’re with you.
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Finance Options

Embarking on the journey of homeownership is an exciting milestone, and at WOW Homes, we are dedicated to ensuring this path is as smooth and accessible as possible for you. We understand the financial hurdles that come with purchasing a home, which is why we offer a variety of home finance options tailored to meet your unique circumstances.

First Home Owner Grants

The First Home Owner Grant (FHOG) is a national scheme designed to help new homeowners get a step closer to owning their dream home. In Western Australia, eligible first home buyers can receive a one-time grant to assist with the costs associated with buying or building a new home. Our team at WOW Homes is well-versed in the intricacies of the FHOG and can guide you through the application process, ensuring you receive any and all entitlements. Another vital point to note is that eligible applicants can receive Triple the FHOG thanks to WOW Homes, providing $30,000 worth of assistance to your first home journey.

Keystart Home Loans

Keystart Home Loans is a government initiative providing low deposit home loans to Western Australians, making homeownership more attainable. With a lower deposit requirement and no lender’s mortgage insurance, Keystart Home Loans can be a viable option for first home buyers. Our home finance specialists can assist you in understanding the eligibility criteria and application process for a Keystart Home Loan, helping to position you a step closer to securing your own home.

Low Deposit Home Loans

A substantial deposit can often be the most significant barrier to homeownership. At WOW Homes, we offer low deposit home loan options (as little as $1,500) to alleviate this hurdle. These loan options require minimal to no upfront savings, enabling you to embark on your homeownership journey sooner. Our dedicated team will work with you to determine the most suitable home loan solution, aligning with your financial circumstances and homeownership goals. Through our network of trusted lenders, we aim to provide a seamless pathway to securing the finance you need for your new home.

Still renting?

It’s no secret that renting is money that could be better spent on getting into your dream home. Renting doesn’t mean that you can’t get into your own home sooner.

Check out our Rent vs Buy Calculator to see how your current rent repayments compare to potentially owning your own home!


A low deposit home loan is a type of mortgage that requires a smaller upfront deposit compared to traditional home loans. Typically, conventional loans require a deposit of 20% of the property’s value, whereas low deposit loans may require a deposit as low as 5%.

The primary benefits of a low deposit home loan include:

  1. Lower upfront cost: A smaller deposit requirement makes it easier to enter the property market sooner.
  2. Increased accessibility: It’s a more accessible option for first-time home buyers or individuals with limited savings.
  3. Homeownership sooner: By requiring less money upfront, low deposit loans enable buyers to purchase a home and begin building equity sooner.

To get a low deposit home loan, you would typically need to:

  1. Have a good credit history
  2. Secure a guarantor
  3. Meet additional lending criteria

A low deposit home loan could be suitable if you have a stable income but limited savings. It’s an opportunity to enter the property market sooner, though it may come with higher interest rates. It’s advisable to consult with your lender, a financial advisor or a mortgage broker to understand the implications and to determine the most suitable option for your financial situation.

The First Home Owner Grant (FHOG) is a government initiative designed to assist new homeowners by providing a one-time grant to offset the costs associated with buying or building a new home. This grant aims to promote homeownership and stimulate the housing market.

The amount for the First Home Owner Grant in Western Australia is $10,000. This grant can significantly help in reducing the financial burden of purchasing or constructing your first home.

Eligibility criteria for the First Home Owner Grant in WA include:

  1. You must be a person, not a company or trust.
  2. You must be over 18 years of age.
  3. At least one applicant must be an Australian citizen or a permanent resident.
  4. You or your spouse/partner have not previously received a first homeowner grant in Australia.
  5. You must occupy the home as your principal place of residence for a continuous period of at least six months commencing within 12 months of completion of the transaction.

The income limits for a Keystart home loan vary based on the number of people in the household and the location of the property you wish to purchase. Keystart is designed to assist low to moderate-income earners, and as such, they have set income caps to ensure the program benefits those it’s intended for. It’s advisable to check the latest income limits on the Keystart website or contact a WOW Homes finance specialist for the most current information.

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