Community First Fixed Home Loan

A fixed rate loan with 100% offset account and the ability to make extra repayments? No problem!

The Community First Fixed Home Loan allows you to shield yourself against rising interest rates by locking in a fixed rate for one to three years, which gives you the peace of mind of stable home loan repayments for the fixed period of the loan.

3 Years Fixed Home loan new offer.

This offer applies for new owner-occupier customers on principal and interest repayments. The offer is available for a maximum loan-to-value ratio of 95%. Offer is for home loan applications made between 17 May 2018 and 31 December 2018 funded by 31 March 2019 and can be withdrawn at any time. Other conditions may apply.

Interest Rate Max Insured LVR Max LVR
1 Year (Investor, P&I)
4.19% p.a.
Comparison Rate
5.54% p.a.
80% 80%
1 Year (Owner Occupier, P&I)
3.79% p.a.
Comparison Rate
5.14% p.a.
95% 80%
1 Year (Owner Occupier, IO)
4.14% p.a.
Comparison Rate
5.14% p.a.
95% 80%
2 Year (Owner Occupier, IO)
4.2% p.a.
Comparison Rate
5.06% p.a.
95% 80%
2 Year (Owner Occupier, P&I)
3.85% p.a.
Comparison Rate
5.05% p.a.
95% 80%
2 Year (Investor, P&I)
4.25% p.a.
Comparison Rate
5.46% p.a.
80% 80%
3 Year (Owner Occupier, IO)
4.34% p.a.
Comparison Rate
5.01% p.a.
95% 80%
3 Year (Owner Occupier, P&I)
3.99% p.a.
Comparison Rate
4.99% p.a.
95% 80%
3 Years Fixed New Money offer (Owner Occupier, P&I)
3.69% p.a.
Comparison Rate
4.93% p.a.
95% 80%
3 Year (Investor, P&I)
4.39% p.a.
Comparison Rate
5.40% p.a.
80% 80%
Product NameCommunity First Fixed Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$1,000,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Fixed Interest OptionYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$600
Valuation Fee$0
Ongoing Fees$0 p.a.
Discharge Fee$300

Pros

  • Make extra repayments every year up to $25,000 p.a.
  • Access additional funds using the unlimited free redraw facility
  • Borrow up to 95% of the property value

Cons

  • A $300 discharge fee applies when you pay off your home loan (break costs may also apply if you pay it off during the fixed term)

What do I need to know about this mortgage?

The Community First Fixed Home Loan comes with no annual fees and a 100% offset account. It also provides the convenience of a redraw facility with no minimum redraw amount and the ability to make additional repayments of up to $25,000 per year without attracting a redraw penalty.

The Community First Fixed Home Loan is available for both owner-occupiers and property investors, with loan amounts of up to 80% of the purchase price (80% LVR) or up to 95% for those with Lenders Mortgage Insurance (LMI). It includes handy repayment options with your choice weekly, fortnightly or monthly repayments and accommodates those looking for a loan term of up to 30 years.

What makes the Community First Fixed Home Loan different?

By allowing borrowers to make additional repayments up to $25,000 per year, the Community First Fixed Home Loan accommodates borrowers whose goal is to pay off their mortgage as fast as possible, without slugging them with fees, charges and penalties for trying to get ahead.

Secondly, the Community First Fixed Home Loan provides an unlimited redraw facility with no minimum redraw amount. Again, many fixed home loans do not provide this facility and for those that do, they often include either restrictions or charges for using the facility. This flexibility allows borrowers to better manage their cash flow to ensure life’s little surprises are covered if they rear their head at the wrong time.

Know how much you want to borrow? Use our calculator to find out what your repayments will be

How to manage your Community First Fixed Home Loan

There's a number of ways you can manage your home loan with Community First, including Internet banking, mobile banking, telephone banking, via E-statements or over the counter at Community First's 13 Financial Service Stores.

Looking to have your fixed home loan pre-approved?

It takes just 24-48 hours to have your pre-approval arranged through Community First. You can also arrange to have a mobile manager come to you to sit down and assist you with the application process face to face and to answer any questions that you may have along the way.

To make an enquiry or to get the ball rolling with a pre-approval, simply contact one of their professionals.

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Community First Fixed Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $600 / $0

  • Max LVR

    80%

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