8.8 / 10

based on 435 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. The 4.5 million Aussies who bank with credit unions or building societies can’t all be wrong, nor can Mozo's expert judges who named it a winner in the best First Home Buyer Loan, best Offset Home Loan and best Packaged Home Loan categories at this years Mozo Experts Choice Awards

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 23 January, 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 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.

Home loan repayments calculator

years

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

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 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.

Home loan repayments calculator

years

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

Fixed Package Home Loan

Home loan repayments calculator

years

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

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, 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.

Home loan repayments calculator

years

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.

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 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.

Repayment 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
8.1/10
Price
Features
Customer service
Convenience
Trust

17 Reviews

Recent Community First Credit Union home loan reviews

Community First Credit Union Home Loan review
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 3 months ago
Community First Credit Union Home Loan review
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 over 6 years ago
Community First Credit Union Fixed Rate Home Loan review
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 over 6 years ago
Community First Credit Union Home Loan review
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 over 6 years ago
Community First Credit Union Basic Variable Home Loan review
Overall 10/10
Great home loan fees

Managed to pay out early. A great product.

Read full review

Managed to pay out early. A great product.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Dawn, New South Wales, reviewed over 6 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 and debts

Home loan quick links