based on 437 Community First Credit Union banking product reviews as rated by Mozo community

Community First Credit Union home loans

Community First Credit Union is a big bank alternative, consistently providing its customers with great value products and friendly service. It's one of Sydney's largest credit unions, with over 75,000 members. So whether you’re after online access or face-to-face service, check out the home loans on offer from Community First.

What home loans do Community First Credit Union offer?

Rates and fees verified as correct at 06 August, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

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 redraw facility (fees apply), and to keep interest costs down, you’ll have the use of a 100% offset account. On this mortgage offer, you’ll pay an upfront application fee. For a little added flexibility, there’s also the option to split your home loan between fixed and variable rates.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.74% p.a.

3.60% p.a.

$0.00

$600

2.44% p.a.

3.53% p.a.

$0.00

$600

3.04% p.a.

3.90% p.a.

$0.00

$600

2.74% p.a.

3.82% p.a.

$0.00

$600

Variable Rate Home Loans

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 an application fee, and have the choice of making monthly, fortnightly or weekly repayments. All options come with a redraw facility (fees apply), 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 Basic Variable Home Loan which doesn’t include this feature.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

4.00% p.a.

4.05% p.a.

$0.00

$600

3.65% p.a.

3.70% p.a.

$0.00

$600

2.74% p.a.fixed for 12 months and then 3.84% p.a.

4.02% 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

3.95% p.a.

4.00% p.a.

$0.00

$600

4.30% p.a.

4.35% 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

Fixed Package Home Loan

If you're looking to lock in a rate for 1-3 years, and also love the idea of saving money by bundling your home loan with other financial products, then the Accelerator Fixed Home Loan (Package) could be worth a look. This option is much like the standard fixed home loan, but with even more flexibility including unlimited free extra repayments and a fee-free redraw facility. You'll need to factor in a yearly service fee, but in return, you can say hello to a bunch of benefits like a waived annual fee on your Community First low rate credit card, no application fee on personal loans, and a discount on the first year’s premium for home and contents or car insurance. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.59% p.a.

3.66% p.a.

$395.00 yearly

$0

2.29% p.a.

3.61% p.a.

$395.00 yearly

$0

2.89% p.a.

3.95% p.a.

$395.00 yearly

$0

2.59% p.a.

3.90% p.a.

$395.00 yearly

$0

Variable Package Home Loan

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. 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 waived fees for a range of low rate credit cards and personal loans as well as 10% off your home or car insurance premium for the first year.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

4.19% p.a.

4.59% p.a.

$395.00 yearly

$0

3.84% p.a.

4.00% p.a.

$395.00 yearly

$0

3.49% p.a.

3.91% p.a.

$395.00 yearly

$0

3.79% p.a.

4.20% p.a.

$395.00 yearly

$0

4.14% p.a.

4.30% p.a.

$395.00 yearly

$0

4.14% p.a.

4.30% p.a.

$395.00 yearly

$0

Community First Credit Union home loan features in a glance

Offset icon

Offset account

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.

Repayment Icon

Extra repayments

Another great money-saving feature - you can make additional fee free repayments on your Community First mortgage, but remember that in most cases during fixed terms, a $25,000 cap applies to extra repayments.

Free icon

Free redraw

Go a bit overboard with the extra repayments? Redraw those funds fee-free when you take out a packaged home loan, otherwise a fee will apply.

Schedule icon

Flexible repayment schedule

You can tailor any Community First home loan to your schedule by choosing to make repayments on a weekly, fortnightly or monthly basis.

How are Community First Credit Union home loans rated?

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.

Icon of home-loans
Community First Credit Union home loans
Overall
Price
Features
Customer service
Convenience
Trust

18 Reviews

Recent Community First Credit Union home loan reviews

Community First Credit Union Home Loan
Overall 10/10
Brilliant Service

Community First Credit Union - 5 stars Pros - Customer Service is amazing, lending staff are very knowledgeable, caring and passionate about your lending goals! Cons - No Victorian branches I would highly recommend CFCU if you are looking for a loan.

Read full review

Community First Credit Union - 5 stars Pros - Customer Service is amazing, lending staff are very knowledgeable, caring and passionate about your lending goals! Cons - No Victorian branches I would highly recommend CFCU if you are looking for a loan.

Customer service
10/10
Less
Jackie, Victoria, reviewed 30 days ago
Community First Credit Union Home Loan
Overall 5/10
Reliable but lacks in many areas.

Doesn't offer competitive rates, barely any branches or ATMs. Good customer service but not the best at explaining.

Read full review

Doesn't offer competitive rates, barely any branches or ATMs. Good customer service but not the best at explaining.

Price
4/10
Features
3/10
Customer service
7/10
Convenience
2/10
Trust
8/10
Less
Brodie, New South Wales, reviewed 9 months ago
Community First Credit Union Home Loan
Overall 7/10
Reliable and reasonable

Great customer service, no fuss.

Read full review

Great customer service, no fuss.

Price
6/10
Features
7/10
Customer service
8/10
Convenience
8/10
Trust
7/10
Less
Alisha, New South Wales, reviewed almost 7 years ago
Community First Credit Union Fixed Rate Home Loan
Overall 7/10
Great customer services

Great customer service

Read full review

Great customer service

Price
6/10
Features
6/10
Customer service
10/10
Convenience
9/10
Trust
9/10
Less
Peta, New South Wales, reviewed almost 7 years ago
Community First Credit Union Home Loan
Overall 10/10
Features Galore

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 review

A great fixed rate product that has features such as 100% Offset and Redraws that competitors either charge for or don't have.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Lindsay, New South Wales, reviewed almost 7 years ago

What do you need to apply for a Community First Credit Union home loan?

To apply for a home loan with Community First Credit Union, you’ll need to:

  • be over 18 years of age
  • be an Australian citizen, permanent resident or hold a working Visa
  • have a regular income
  • not be bankrupt
  • have not defaulted on any loans, credit cards, interest free finance or store cards in the last 5 years
  • have held your current job more than 3 months

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:

  • Your personal details, including address, email address and phone number
  • Financial details about your income, employment, assets, expenses and debts.

Home loan quick links