Finder makes money from featured partners, but editorial opinions are our own.

Community First Bank home loans

Community First Bank has home loans for owner-occupiers and investors, with rates starting from 5.94%.

No reviews yet. Write a review

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 May 2024

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"SAMPLE_COMPARISON_V2_TEMPLATE","nicheCode":"AUFHL","fields":[{"name":"LOAN_AMOUNT","value":"150000","options":"","label":"Borrowing amount","suffix":"$","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"30","options":"","label":"Period","suffix":"years","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""}]}
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest5% min. depositOwner-occupier
Interest Rate
5.94%
Comparison Rate
5.99%
Fees
Application: $600
Ongoing: $0 p.a.
Monthly Payment
$895
Principal & Interest5% min. depositOwner-occupierOffset account
Interest Rate
6.04%
Comparison Rate
6.42%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$905
Principal & Interest 1Y Fixed5% min. depositOwner-occupierOffset account
Interest Rate
6.14%
Comparison Rate
6.43%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$914
Interest only20% min. depositOwner-occupier
Interest Rate
6.29%
Comparison Rate
6.14%
Fees
Application: $600
Ongoing: $0 p.a.
Monthly Payment
$929
Principal & Interest5% min. depositInvestmentOffset account
Interest Rate
6.34%
Comparison Rate
6.71%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$934
loading
Showing 5 of 14 results

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.

More home loan questions

More guides on Finder

Ask a Question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

Go to site