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Hunter United No Regrets 1st Home Buyers

Advertiser disclosure
Rate
2.79% p.a.
Comparison Rate
2.79% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Hunter United No Regrets 1st Home Buyers

Last updated: 4 May 2020.

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What's hot
  • Competitive 2.79% p.a. variable rate (2.92% p.a. comparison rate*)
  • Offset account available
  • Borrow with just a 10% deposit
What's not
  • $8 monthly service fee
  • $80 discharge fee
Mozo snapshot

Hunter United has gone above and beyond for first home buyers with its No Regrets 1st Home Buyers loan. Along with a competitive 2.79% p.a. variable rate (2.92% p.a. comparison rate*), you’ll be treated to a range of features to help you get ahead on your mortgage. Plus, you’ll only need a 10% deposit, and parent guarantees are accepted to secure the loan.

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Key features

If you’re a first home buyer, you’ll find there’s plenty to like about this home loan from Hunter United. Along with a low 2.79% p.a. variable rate (2.92% p.a. comparison rate*), it comes packed with features to help you save on interest.

You’ll have your choice of making weekly, fortnightly or monthly repayments, as well as the option to make extra repayments to pay down your loan faster if you wish. And if at any point you decide you’d like those extra funds back in your pocket, you can easily retrieve them with the redraw facility. Just remember, you need to redraw at least $250 each time and you’ll only get one free redraw per month; after that, fees will apply. 

And if you’re looking to bring down the total interest you pay, the offset account could come in handy. Stash your savings in here and you won’t have to pay interest on an equal portion of your home loan.

Just bear in mind, there’s an $80 discharge fee, which you’ll be looking at once you end your loan.

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Who is it good for

First home buyers in search of a low rate home loan to help kick off their property journey will appreciate this offering from Hunter United, especially when you consider you’ll only need a 10% deposit.

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Any catches

As the name suggests, this home loan is only available to first home buyers. And if you’re looking to make use of the redraw facility, keep in mind there’s a minimum redraw of $250 and you’ll only be able to make one free redraw each month.

Details

Rates and fees information correct as at 28 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.79% p.a.

  • n/a

  • n/a

  • n/a

  • 2.79% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $80.00

Other financial bits
  • $250,000

  • none

  • none

  • 90.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • yes - fees apply

  • $250.00

  • yes

  • yes

  • Available to first home buyers only.

  • 1 free redraw a month

  • none

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.

Customer Reviews

How are Hunter United home loans rated by the Mozo community?

Overall
8.2/10
Price
9.5/10
Features
9.2/10
Customer service
8.3/10
Convenience
7.8/10
Trust
8.0/10
Hunter United

About Hunter United

Hunter United is a community based financial institution that serves the Hunter Valley region. Hunter United is a conservative and responsible lender that specialises in providing valued financial services to its customers. The financial services that Hunter United offers include savings, loans, credit cards and investment products. Hunter United offers competitive rates to both borrowers and lenders within its banking, insurance and superannuation services.

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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.