Special Offer - First Home Buyers 2 Year Fixed Rate

Find the property you love and we'll make sure that you get a more generous home loan deal.

What would my repayments be?

View other Home Loan options

2 Year Fixed 5.23 % pa Interest rate 5.92 % pa Comparison rate

By taking advantage of the New Home Guarantee:

  • You won’t need to pay lenders mortgage insurance, saving you up to $32,800*
  • You only need as little as 5% deposit
  • You can save thousands in interest by no longer needing to add the cost of mortgage insurance to your loan*

* Savings are estimated based on using an LMI premium calculator for a 95% LVR loan on a property valued at $950,000

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Checklist

Am I eligible?

The following eligibility criteria apply:

  • A taxable income of up to $125,000 per year for singles or $200,000 combined for couples
  • You must be first home buyers who have not previously owned, or had an interest in, a property in Australia
  • You must be an owner occupier of the property you are purchasing
  • The property you purchase must be within the Price caps set under the scheme
  • Australian citizens who are at least 18 years of age. Permanent residents are not eligible

For a comprehensive list of eligibility criteria, please read the New Home Guarantee Fact Sheet.

How do I apply?

No Scheme place for a New Home Guarantee will be allocated by NHFIC after 30 June 2022.
A New Home Guarantee (NHG) place reserved on, or before 30 June 2022, will still be able to progress to settlement, subject to meeting eligibility criteria and NHG requirements and timelines.

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View our range of competitive variable and fixed rate products

We waived the Valuation fee (up to $500) and the Establishment fee ($250) for First Home Buyers Loans. 

Product Interest Rate Comparison Rate
First Home Buyers Basic Variable Rate Variable 5.79% pa 5.83% pa
First Home Buyers Standard Variable Rate Variable 6.04% pa 6.08% pa
1 Year Fixed Rate 1 Year Fixed 5.58% pa 6.07% pa
First Home Buyers 2 Year Fixed Rate (Special Offer) 2 Year Fixed 5.23% pa 5.92% pa
5 Year Fixed Rate 5 Year Fixed 5.63% pa 5.93% pa

"I would recommend Australian Mutual Bank to anyone who is looking for a professional institution to look after their finances, and that are after great customer service."

 

Ben and Samantha Green

Why choose Australian Mutual Bank?

  • 100% Customer owned

    On becoming a member of our bank, you're not just a customer, you're an owner!

  • Ethical banking

    The benefit of our members, society, and the planet drives everything we do

  • Friendly service

    Our number one goal is to give you the best overall banking experience we can

  • Safe and secure

    Eligible deposits are protected by the Financial Claims Scheme

Footnotes:

  • 1 First Home Buyers 2 Year Fixed Rate Special Offer is applicable to loan applications received on or after 16 November 2020 and is subject to change without notice. New money only with a minimum borrowing amount of $100,000. Offer available for a limited time only and may be withdrawn once portfolio is met. At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.
  • 2 This comparison rate is based on a $150,000 loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All loan applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.
  • 3 At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.

4. Family Support is available for borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security, e.g. their own property, as Guarantor on the loan to secure a portion of the loan. The Guarantor's financial position should be such that they are able to meet their obligations under the guarantee. Non-Resident guarantors are not eligible.

 

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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review Australian Mutual Bank Ltd Account and Access Facility Terms and Conditions of Use and Financial Services Guide before acquiring the product.

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