Buying your first property is a big life decision. As a first home buyer, you will be looking for continued support and up to date information from your home loan provider. Australian Mutual Bank is dedicated to being with you every step of the way to make the process as straightforward and stress free as possible. Whether you have only just started thinking about it or you are ready to purchase your first home, AMB can provide the resources, products and expertise to assist you on this exciting journey.

Australian Mutual Bank has been selected to provide Government guaranteed loans under the First Home Loan Deposit Scheme and New Home Guarantee. These are Australian Government initiatives to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 percent.

It's never too early to have the chat!

Even if you feel that buying a property is still a long way off for you, our friendly staff can talk you through the process and offer you some guidance to ensure you are on the right path.

View the Home Buyer's Guide to find out more about the process of buying a home and for some handy hints and tips.

Ready to buy?

If you are ready to buy, a fast approval is crucial so when the right property comes up, you are in a position to purchase it straight away. Our lending specialists can assist you in obtaining full approval quickly and easily.

First Home Loan Deposit Scheme

Australian Mutual Bank is proud to be a Participating Lender in the Australian Government's First Home Loan Deposit Scheme (FHLDS).

The Australian Government supports eligible home buyers to purchase a home sooner, under the FHLDS where eligible first home buyers can purchase a modest home with a deposit of as little as 5 per cent. For details and a comprehensive list of eligibility criteria, please read the NHFIC First Home Loan Deposit Scheme Fact Sheet.

New Home Guarantee (NHG)

The New Home Guarantee aims to support first home buyers wanting to build or purchase a new home with as little as 5% deposit. Higher property price caps available in selected areas.

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

Family Home Guarantee (FHG)

The Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous home owner. You can use the Family Home Guarantee to build a new home or buy an existing home with a deposit of as little as 2%.

For more details and a comprehensive list of eligibility criteria, please read the Family Home Guarantee Fact Sheet. When you’re ready to apply, you can fill out the form below to request a call from a lending specialist who will help you with your application.

How can your family help

Saving enough money for a home deposit sounds unachievable for many first-home buyers. Contrary to what you may have heard, you don’t always need to have a 20% deposit. To take advantage of today’s favourable market conditions for first home buyers, our First Home Buyer loan has a Family Support option, which means parents can help children purchase their first home by using the equity in their property to guarantee the entire deposit, or a percentage of it.

Using the Family Support option, you may be able to purchase a home with no deposit, avoiding paying lenders mortgage insurance (LMI), which can amount to thousands of dollars.

What loan options are available?

 

Let us make your first home purchase a rewarding experience

  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Offset 100% of the balance
  • Variable 2.64%pa Interest rate
  • 2.67%pa
    Comparison rate

Looking to buy your first home? We have an affordable loan for you

  • Affordable 40-year loan term
  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Variable 2.54%pa Interest rate
  • 2.57%pa
    Comparison rate

We'll make your big purchase as seamless as possible

  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Family Support Option available
  • 2 Year Fixed 1.89%pa Interest rate
  • 2.54%pa
    Comparison rate

Not ready to apply but simply wish to make an enquiry?

Leave your details below and one of our consultants will be in touch.

 

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Why choose Australian Mutual Bank?

Footnotes:

  • 1 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 example 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.
  • 2 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.