Can loan applicants on Centrelink get approved?
HomeStart Finance is owned by the South Australian government. Homestart's chief executive John Oliver told the federal Inquiry into Home Ownership that it offers loan to valuation ratios of 97 per cent to first home buyers and accepts Centrelink benefits as income on loan applications.
John Oliver said the federal government should roll out a similar system across Australia.
KeyStart Home Loans in Western Australia also provides low-deposit home loans to struggling borrowers.
Source: Mortgage Business