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 - so whether you’re after online access or face-to-face service, check out the home loans on offer from Community First.
Rates and fees verified as correct at 20 July, 2017. Other information correct at the time of writing.
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 ‡ |
|---|---|---|---|---|---|
| 4.24% p.a. | 5.17% p.a. | $0.00 | $990 | ||
| 4.09% p.a. | 5.02% p.a. | $0.00 | $990 | ||
| 3.99% p.a. | 4.92% p.a. | $0.00 | $990 | ||
| 3.89% p.a. | 4.97% p.a. | $0.00 | $990 |
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 ‡ |
|---|---|---|---|---|---|
| 4.61% p.a. | 4.68% p.a. | $0.00 | $990 | ||
| 4.51% p.a. | 4.58% p.a. | $0.00 | $990 | ||
| 4.20% p.a. | 4.27% p.a. | $0.00 | $990 | ||
| 4.10% p.a. | 4.17% p.a. | $0.00 | $990 | ||
| 3.59% p.a. variable for 12 months and then 5.27% p.a. | 5.18% p.a. | $0.00 | $990 | ||
| 3.49% p.a. variable for 12 months and then 5.17% p.a. | 5.12% p.a. | $0.00 | $990 | ||
| 5.42% p.a. | 5.49% p.a. | $0.00 | $990 | ||
| 5.27% p.a. | 5.34% p.a. | $0.00 | $990 | ||
| 5.17% p.a. | 5.24% p.a. | $0.00 | $990 |
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 ‡ |
|---|---|---|---|---|---|
| 4.37% p.a. | 4.83% p.a. | $395.00 yearly | $990 | ||
| 4.27% p.a. | 4.73% p.a. | $395.00 yearly | $990 |
| Offset accountOffset 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. |
| Extra repaymentsExtra 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 redrawFree redraw | Go a bit overboard with the extra repayments? Redraw those funds fee-free. |
| Flexible repayment scheduleFlexible 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. |
Wondering how Community First Credit Union compares to the competition in the eyes of its customers? Read our customer reviews to find out how real people think Community First performs in areas like convenience, customer service and trust.
* Overall rating based on reviews in the past 12 months.
Alisha (NSW), reviewed almost 3 years ago
A great fixed rate product that has features such as 100% Offset and Redraws that competitors either charge for or don't have.
A great fixed rate product that has features such as 100% Offset and Redraws that competitors either charge for or don't have.
Lindsay (NSW), reviewed almost 3 years ago
Managed to pay out early. A great product.
Managed to pay out early. A great product.
Dawn (NSW), reviewed almost 3 years ago
They make you feel like you are a personal friend and try their best to help you.
They make you feel like you are a personal friend and try their best to help you.
Mozo reviewer (NSW), reviewed almost 4 years ago
The staff are friendly and very helpful. They make you feel like a real person and always remember you by name! They listen then bend over backwards for you
The staff are friendly and very helpful. They make you feel like a real person and always remember you by name! They listen then bend over backwards for you
Mozo reviewer (NSW), reviewed almost 4 years ago
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
‡ 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.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
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:
