Community First CU

Community First Credit Union home loans

Community First has home loans for owner-occupiers and investors, with rates starting from 1.79%.

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Community First is an Australian credit union. Check out the full table of Community First products below or read more about the lender and its loans.

Compare Community First home loans for October 2021

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "More Info".

Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

Community First Accelerator Package Fixed Home Loan P&IHome 3Y Fixed≥ 20% Deposit

Community First Accelerator Package Fixed Home Loan
  • App: $0
  • Ongoing: $395 p.a.
Lock in this low fixed rate for 3 years and get a 100% offset account. Requires a 20% deposit.

Community First Accelerator Home Loan Package P&IHome≥ 5% Deposit

Community First Accelerator Home Loan Package
  • App: $0
  • Ongoing: $395 p.a.
A package loan that offers discounts and a 100% offset account.

Community First Accelerator Package Fixed Home Loan P&IInvestment≥ 5% Deposit

Community First Accelerator Package Fixed Home Loan
  • App: $0
  • Ongoing: $395 p.a.
A package loan that offers discounts and a 100% offset account.

Community First Fixed Home Loan P&IHome 2Y Fixed≥ 5% Deposit

Community First Fixed Home Loan
  • App: $600
  • Ongoing: $0 p.a.
This fixed rate loan offers a 100% offset account and the flexibility to make extra repayments. Eligible new home buyers with low deposits can apply for the First Home Loan Deposit Scheme with this lender and avoid LMI costs.

Community First Honeymoon Home Loan P&IInvestment≥ 20% Deposit

Community First Honeymoon Home Loan
  • App: $600
  • Ongoing: $0 p.a.
No ongoing fee, access to a 100% offset account and borrow up to 80% LVR.

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Community First key facts

  • Community First is a credit union, meaning it is run on behalf of its members. It has branches across large parts of NSW including Sydney and the Hunter region.
  • You can get Community First home loans with just 5% deposits.
  • In addition to home loans, Community First also offers credit cards, banking services, personal loans and other financial products.

Review by our senior home loans writer Richard Whitten

Community First home loan features

Here are the key features and details you need to know about Community First's mortgage products.

Minimum depositMany Community First home loans are available with a 5% deposit (95% max insured LVR), including some of its most competitive offers.
Offset accountMany Community First loans come with offset accounts.
FeesCommunity First package home loans have annual package fees. Some other loans come with an upfront application fee.
Repayment optionsBoth Community First's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.

How do I apply for a Community First mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.


Each Community First product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Community First, you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property, but to complete an application, you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (such as savings accounts and investments) and liabilities (for example, any outstanding debt you may have).

How to apply for a home loan

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If you want to compare loans from lenders similar to Community First, then you can start with these customer-owned banks and credit unions.

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2 Responses

    Default Gravatar
    FayeMarch 31, 2016

    Can you get a home loan for 150000 with 50.000 deposit if on a disability pension. Age 39.

      Default Gravatar
      BelindaApril 1, 2016

      Hi Faye,

      Thanks for reaching out.

      You can find our home loans for Centrelink recipients where you will see that most lenders do accept the disability pension as a secondary income source. Also on this page, you can enquire with a mortgage broker to discuss your borrowing needs and your borrowing capacity.

      Please note that lenders treat these types of applications on a case-by-case basis and the amount you can borrow will depend on a range of factors including your income sources, assets, credit history and any debts that you have (e.g. credit cards or personal loans).

      You might be interested to use our borrowing power calculator to get an estimate of the amount you can afford to borrow.


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