Rates and fees verified as correct at 23 January, 2021. Other information correct at the time of writing. Advertiser disclosure.
Starting at $50,000 and available for up to 95% of the property’s value, Community First’s fixed rate home loan offer gives you the certainty you need to plan an airtight budget. You can choose to make repayments weekly, fortnightly or monthly, and make additional fee-free repayments up to $25,000 per year. If you then find yourself needing some of those funds back, you can make use of the fee-free redraw facility and to keep interest costs down, you’ll have the use of a 100% offset account. On this mortgage offer, you’ll pay upfront application, legal and valuation fees. For a little added flexibility, there’s also the option to split your home loan between fixed and variable rates.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 2.79% p.a. | 3.62% p.a. | $0.00 | $600 | ||
| 2.49% p.a. | 3.54% p.a. | $0.00 | $600 | ||
| 3.09% p.a. | 3.91% p.a. | $0.00 | $600 | ||
| 2.79% p.a. | 3.84% p.a. | $0.00 | $600 |
There are a couple of different variable rate options to choose from with Community First Credit Union, which are available from $10,000 up to 95% of the property’s value, depending which offer you opt for. You’ll pay legal, valuation and application fees, and have the choice of making monthly, fortnightly or weekly repayments. Most options come with a free redraw facility, and the opportunity to make fee-free extra repayments - although this feature is capped at a value of $25,000 during the introductory fixed term on the Honeymoon Home Loan offer. You’ll also have the use of a 100% offset account to help keep interest costs down, unless you opt for the True Basic Home Loan which doesn’t include this feature.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.41% p.a. | 4.46% p.a. | $0.00 | $600 | ||
| 4.06% p.a. | 4.11% p.a. | $0.00 | $600 | ||
| 4.00% p.a. | 4.05% p.a. | $0.00 | $600 | ||
| 3.65% p.a. | 3.70% p.a. | $0.00 | $600 | ||
| 2.79% p.a.fixed for 12 months and then 3.84% p.a. | 3.79% p.a. | $0.00 | $600 | ||
| 2.49% p.a.fixed for 12 months and then 3.84% p.a. | 3.76% p.a. | $0.00 | $600 | ||
| 4.99% p.a. | 5.04% p.a. | $0.00 | $600 | ||
| 4.64% p.a. | 4.69% p.a. | $0.00 | $600 | ||
| 4.71% p.a. | 4.76% p.a. | $0.00 | $600 | ||
| 4.36% p.a. | 4.41% p.a. | $0.00 | $600 | ||
| 4.30% p.a. | 4.35% p.a. | $0.00 | $600 | ||
| 3.95% p.a. | 4.00% p.a. | $0.00 | $600 | ||
| 3.09% p.a.fixed for 12 months and then 4.14% p.a. | 4.09% p.a. | $0.00 | $600 | ||
| 2.79% p.a.fixed for 12 months and then 4.14% p.a. | 4.06% p.a. | $0.00 | $600 | ||
| 5.29% p.a. | 5.34% p.a. | $0.00 | $600 | ||
| 4.94% p.a. | 4.99% p.a. | $0.00 | $600 |
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 2.64% p.a. | 3.87% p.a. | $395.00 yearly | $0 | ||
| 2.34% p.a. | 3.79% p.a. | $395.00 yearly | $0 | ||
| 2.94% p.a. | 4.16% p.a. | $395.00 yearly | $0 | ||
| 2.64% p.a. | 4.08% p.a. | $395.00 yearly | $0 |
Community First Credit Union’s variable rate Accelerator Home Loan package is available for up to 95% of the property’s value, starting from $100,000 and is available as a principal and interest or interest only loan. With this package you’ll have the full suite of flexible features, including free extra repayments, a free redraw facility and a 100% offset account, which is accessible via a Community First Visa card or an old school cheque book. You’ll pay a yearly service fee for all these features, but the good news is the package also comes jampacked with added benefits, like a waived annual fee on your Community First credit card, no application fee on personal loans and a discount on the first year’s premium for home and contents or car insurance.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.09% p.a. | 4.49% p.a. | $395.00 yearly | $0 | ||
| 3.74% p.a. | 4.15% p.a. | $395.00 yearly | $0 | ||
| 4.04% p.a. | 4.45% p.a. | $395.00 yearly | $0 | ||
| 4.39% p.a. | 4.78% p.a. | $395.00 yearly | $0 | ||
| 4.39% p.a. | 4.78% p.a. | $395.00 yearly | $0 |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
All Community First Credit Union home loans - except the variable rate Basic Home Loan Offer - come with a 100% offset account attached, to help keep interest costs low.
Another great money-saving feature - you can make additional fee free repayments on your Community First mortgage, but remember that during fixed terms, a $25,000 cap applies to extra repayments.
Go a bit overboard with the extra repayments? Redraw those funds fee-free.
You can tailor any Community First home loan to your schedule by choosing to make repayments on a weekly, fortnightly or monthly basis.
Mozo users have rated Community First Credit Union home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
17 Reviews
Doesn't offer competitive rates, barely any branches or ATMs. Good customer service but not the best at explaining.
Read full reviewDoesn't offer competitive rates, barely any branches or ATMs. Good customer service but not the best at explaining.
Great customer service, no fuss.
Read full reviewGreat customer service, no fuss.
Great customer service
Read full reviewGreat customer service
A great fixed rate product that has features such as 100% Offset and Redraws that competitors either charge for or don't have.
Read full reviewA great fixed rate product that has features such as 100% Offset and Redraws that competitors either charge for or don't have.
Managed to pay out early. A great product.
Read full reviewManaged to pay out early. A great product.
To apply for a home loan with Community First Credit Union, you’ll need to:
You’ll also need to be or become a member, which you can do online by filling out an application and supplying photo I.D. for online verification, or by dropping into a branch.
When applying, make sure you have these details ready:
