Australia’s third-largest credit union boasts 50 years’ worth of experience and goes the distance in providing personal attention, community service, varied home loan products and competitive rates and fees.
What do I need to know about Credit Union SA?
The Credit Union SA philosophy is rooted in creating a happier, healthier community by helping their members realise their financial goals and bettering their quality of life. Half a century’s worth of experience means that the Credit Union SA staff understands home loans and helping members select the right product for their needs.
They assist members in financial difficulty and practise good corporate citizenship by participating in community-based projects, from helping the homeless to coordinating awareness programmes for troubled teens. As far as their home loans go, Credit Union SA offers four attractive options as well as an all-inclusive package. Whether members are looking for reliability, peace of mind or flexibility, Credit Union SA is committed to helping them secure the right home loan and manage their financial future in a responsible way.
First Home Buyers Grant Offer.
Credit Union SA is currently offering a $5,000 First Home Buyers Grant when you borrow at least $250,000 to purchase or build a first home with a loan to value ratio over 80%. All loans that are eligible for the First Home Buyers Grant will be
subject to pay lenders mortgage insurance (LMI). Other terms and conditions may apply.
Compare Credit Union SA Home Loans
Rates last updated August 21st, 2019
What home loans are provided by Credit Union SA?
Standard Variable Rate Home Loan
This home loan’s main feature is its flexibility thanks to features that allow maximum freedom in managing repayments. Members choose the pace at which they repay the loan and they also have the option of settling the full amount without risk of penalty. The standard variable loan is available for as little as $20,000 for a loan period of up to 30 years. Credit Union SA offers the standard variable option as part of their Home Loan Package product.
Discounted Home Loan
This loan option features competitive rates and could be the ideal product for members keeping a close eye on their budget. Members have access to the same flexible features allowing early and extra repayments, as well as the option to increase the home loan amount (certain conditions apply). In addition to paying no monthly fees, the $600 application fee for this loan is also waived.
Fixed Rate Home Loan
Borrowing at a fixed rate means peace of mind as your interest rate remains unchanged for up to three years of the loan period. Credit Union SA provides this kind of certainty to help home buyers ease into a long financial relationship, and also helps them cultivate responsibility while managing their budgets. This loan’s features allows for maximum flexibility to make additional repayments, choose the frequency of those repayments and access a redraw facility when necessary.
Home Loan Package
This is a comprehensive solution for first-home or refinancing customers. When opting for the package deal, customers gain access to a number of Credit Union products like Visa cards and transaction accounts, all at discounted rates while maintaining 100% of the benefits. Besides offering a redraw facility, an offset account and waived fees, customers benefit from discounted interest rates.
How to apply for a Credit Union SA home loan
If you would like to apply for a home loan form Credit Union SA, click on ‘more info’ in the table above to speak to a mortgage broker about your eligibility.
Documents needed to apply for a Credit Union SA home loan
- Identification. This includes documentation that verifies your identity and complies with the 100-point ID check. You could include birth or citizenship certificates, a current passport or a driver’s licence.
- Property information. A complete home loan application should include a contract of sale, a receipt for a deposit, all building-inspection documents and construction or renovation paperwork if applicable.
- Financial information. Here they’d like to know about your employment status, salary and whether you have assets in your name that bring in additional income. You should also include a list of liabilities like current loans, credit-card statements, rent and a list of monthly expenses; this helps the lender determine whether or not you’re able to make repayments, and also the amount for which you can borrow.
Whether it’s for a first purchase, a refinancing project or investment in a second or third property, Credit Union SA’s home loans offer flexibility with repayments, but also a culture of financial responsibility thanks to fixed-rate options for the first three years.
Take advantage of a low-fee mortgage with a special interest rate of just 3.09% p.a. and a 3.09% p.a. comparison rate.
Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.