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First Home Buyers Basic Variable Rate Owner Occupied

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Buying your first home?

Let us make your first home purchase a rewarding experience.

Variable 5.29 % pa Interest rate 5.33 % pa Comparison rate

Product Features:

First Home Buyers Basic Home Loan
Redraw facility : Yes
Offset account : No
Additional repayments accepted : Yes
Minimum loan amount : $20,000
Maximum % amount of property value with family support : 100%
Maximum Loan to Valuation Ratio (LVR) : 80%
Maximum Loan to Valuation Ratio (LVR) with mortgage insurance : 95%
Maximum Loan to Valuation Ratio (LVR) Land only : 70%
Level repayments : No
Enable interest capitalisation option : No
Fees
Annual fee : $0
Monthly fee : $0
Redraw fee : $0
Establishment fee : $0
Valuation fees included within establishment fee : No
First Home Buyers Basic Variable Rate Rate p.a.
Interest Rate Variable 5.29% pa
Comparison Rate 5.33% pa

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How to apply

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Our Mobile Bankers located in NSW can come to visit you at home, at work or wherever else is convenient for you.

Guides for home buying

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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 You must be at least one month's repayment in advance to obtain a redraw.
  • 3 Does not include Lender's Mortgage Insurance, 3rd party and government fees such as registration fees, stamp duty, etc.

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.

5. Request a Home Loan Key Facts Sheet. All applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.

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