Community First Bank home loans

Community First Bank has home loans for owner-occupiers and investors, with rates starting from 5.49%.

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

Compare Community First Bank home loans for December 2024

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Community First Bank logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupierOffset accountSpecial
Community First Bank logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupierOffset accountSpecial
Product NameCommunity First Bank Accelerator Home Loan Package
Interest Rate Type
Repayment Type Principal & Interest
Interest Rate p.a.5.49%
Comp. Rate p.a.6.31%
Minimum Loan Amount$100,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
5.49%
Comparison Rate
6.31%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$852
Community First Bank logo
Principal & Interest5% min. depositInvestmentOffset account
Community First Bank logo
Principal & Interest5% min. depositInvestmentOffset account
Product NameCommunity First Bank Accelerator Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.34%
Comp. Rate p.a.6.71%
Minimum Loan Amount$250,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.71%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$934
Community First Bank logo
Principal & Interest 3Y Fixed20% min. depositOwner-occupierOffset accountSpecial
Community First Bank logo
Principal & Interest 3Y Fixed20% min. depositOwner-occupierOffset accountSpecial
Product NameCommunity First Bank Accelerator Package Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.49%
Comp. Rate p.a.6.26%
Minimum Loan Amount$100,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
5.49%
Comparison Rate
6.26%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$852
Community First Bank logo
Principal & Interest5% min. depositOwner-occupier
Community First Bank logo
Principal & Interest5% min. depositOwner-occupier
Product NameCommunity First Bank Basic Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.94%
Comp. Rate p.a.5.99%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,000,000
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.94%
Comparison Rate
5.99%
Fees
Application: $600
Ongoing: $0 p.a.
Monthly Payment
$895
Community First Bank logo
Principal & Interest5% min. depositOwner-occupierOffset account
Community First Bank logo
Principal & Interest5% min. depositOwner-occupierOffset account
Product NameCommunity First Bank Accelerator Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.42%
Minimum Loan Amount$250,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.04%
Comparison Rate
6.42%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$905
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Community First Bank key facts

  • Community First Bank 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 Bank home loans with just 5% deposits.
  • In addition to home loans, Community First Bank also offers credit cards, banking services, personal loans and other financial products.

Review by our senior home loans writer Richard Whitten

Community First Bank home loan features

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

FeatureDetails
Minimum depositMany Community First Bank home loans are available with a 5% deposit (95% max insured LVR), including some of its most competitive offers.
Offset accountMany Community First Bank loans come with offset accounts.
FeesCommunity First Bank 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 Bank 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.

Eligibility

Each Community First Bank 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 Bank, 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

Lenders like Community First Bank

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

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
ANZ logo
Principal & Interest20% min. depositOwner-occupierOffset account
ANZ logo
Principal & Interest20% min. depositOwner-occupierOffset account
Product NameANZ Plus Home Loan Variable Rate
Interest Rate TypeVariable
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.10%
Minimum Loan Amount$10,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.09%
Comparison Rate
6.10%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$909
$2,000 cashback
Borrowers refinancing $250k or more to ANZ Plus before 31st March 2025 could get a cashback of $2,000. Excl. refinancers from ANZ or Suncorp. Other terms and conditions apply.
Unloan logo
Principal & Interest20% min. depositOwner-occupier
Unloan logo
Principal & Interest20% min. depositOwner-occupier
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Product NameUnloan Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.5.90%
Minimum Loan Amount$10,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
5.90%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
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loans.com.au logo
Principal & Interest10% min. depositOwner-occupierOffset account
loans.com.au logo
Principal & Interest10% min. depositOwner-occupierOffset account
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Product Nameloans.com.au Solar Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6.51%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6.51%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
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IMB logo
Principal & Interest20% min. depositOwner-occupier
IMB logo
Principal & Interest20% min. depositOwner-occupier
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Product NameIMB Budget Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.07%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.04%
Comparison Rate
6.07%
Fees
Application: $449
Ongoing: $0 p.a.
Monthly Payment
$905
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Up to $4K cashback
Eligible borrowers can get up to $4,000 cashback when buying or refinancing with IMB. Loan value criteria applies. Other terms and conditions also apply.
Greater Bank logo
Principal & Interest-10% min. depositOwner-occupierNSW, QLD & ACT only
Greater Bank logo
Principal & Interest-10% min. depositOwner-occupierNSW, QLD & ACT only
Product NameGreater Bank Great Rate Discount Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 110%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
Up to $2,500 cashback
Eligible refinancers can get up to $2,500 cashback depending on loan value. Full terms and conditions apply.
Mortgage House logo
Principal & Interest40% min. depositOwner-occupier
Mortgage House logo
Principal & Interest40% min. depositOwner-occupier
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Product NameMortgage House Executive Saver Low Rate Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.89%
Comp. Rate p.a.5.93%
Minimum Loan Amount$150,000
Maximum Loan Amount $850,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
5.89%
Comparison Rate
5.93%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$890
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The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

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Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

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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.

      Thanks,
      Belinda

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