Community First Credit Union home loans

Community First Credit Union
Community First Credit Union's overall rating for home loans

(as rated by the Mozo community)

8.3 / 10

based on 16 reviews

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 21 January, 2019. Other information correct at the time of writing.

What home loans do Community First Credit Union offer?

Fixed Rate Home Loans 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 ‡

4.39% p.a.

5.32% p.a.

$0.00

$990

4.34% p.a.

5.14% p.a.

$0.00

$990

3.99% p.a.

4.97% p.a.

$0.00

$990

3.69% p.a.

4.93% p.a.

$0.00

$990

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Variable Rate Home Loans 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 ‡

4.91% p.a.

4.98% p.a.

$0.00

$990

4.86% p.a.

4.93% p.a.

$0.00

$990

4.51% p.a.

4.58% p.a.

$0.00

$990

4.50% p.a.

4.57% p.a.

$0.00

$990

4.45% p.a.

4.52% p.a.

$0.00

$990

4.10% p.a.

4.17% p.a.

$0.00

$990

4.05% p.a.variable for 12 months and then 5.57% p.a.

5.33% p.a.

$0.00

$990

4.00% p.a.fixed for 12 months and then 5.52% p.a.

5.44% p.a.

$0.00

$990

3.65% p.a.fixed for 12 months and then 5.17% p.a.

5.13% p.a.

$0.00

$990

3.89% p.a.

3.95% p.a.

$0.00

$990

5.57% p.a.

5.64% p.a.

$0.00

$990

5.52% p.a.

5.59% p.a.

$0.00

$990

5.17% p.a.

5.24% p.a.

$0.00

$990

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Variable Package Home Loan 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.

4.55% p.a.

$395.00 yearly

$990

3.99% p.a.

4.45% p.a.

$395.00 yearly

$990

4.62% p.a.

5.07% p.a.

$395.00 yearly

$990

4.72% p.a.

5.17% p.a.

$395.00 yearly

$990

3.69% p.a.

4.10% p.a.

$395.00 yearly

$0

3.59% p.a.

4.00% p.a.

$395.00 yearly

$0

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*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 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.

How are Community First Credit Union home loans rated?

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.

Community First Credit Union home loans

Overall 8.3

Price

Features

Customer service

Convenience

Trust

16 Reviews

Recent Community First Credit Union home loan reviews Recent Community First Credit Union home loan reviews

Community First Credit Union

Community First Credit Union home loan review

Overall rating   7 / 10

Reliable and reasonable

Great customer service, no fuss.

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 4 years ago

Community First Credit Union

Community First Credit Union New Money Special 3 Year Fixed Rate Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   7 / 10

Great customer services

Great customer service

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 4 years ago

Community First Credit Union

Community First Credit Union home loan review

Overall rating   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.

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 4 years ago

Community First Credit Union

Community First Credit Union Basic Variable Home Loan (LVR<80%, Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Great home loan fees

Managed to pay out early. A great product.

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 4 years ago

Community First Credit Union

Community First Credit Union New Money Special 3 Year Fixed Rate Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Great customer service

They make you feel like you are a personal friend and try their best to help you.

Full review

They make you feel like you are a personal friend and try their best to help you.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   6 / 10

    Trust   10 / 10

Less

Name not supplied, New South Wales, reviewed over 5 years ago

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