8.8 / 10

based on 59 WAW Credit Union banking product reviews as rated by Mozo community

WAW Credit Union home loans

Community-owned and focused since its inception, WAW Credit Union provides a range of financial products and services to members in North-East Victoria, Southern New South Wales and all around Australia. Among its banking product, WAW Credit Union offers a range of home loans to both owner occupiers and investors. 

What home loans do WAW Credit Union offer?

Rates and fees verified as correct at 03 August, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Owner occupiers and investors alike looking to lock in a fixed rate for 1-5 years will be able to do so with WAW Credit Union's Fixed Home Loan. Available on loans starting from $50,000 up to $2,000,000, the fixed rate offer allows buyers to borrow up to 95% of a property's value and choose between making principal and interest or interest-only repayments. In terms of features, the loan gives borrowers the chance to contribute extra repayments towards their loan (for free) and redraw those additional contributions later down the line via a redraw facility. Find out more about the loan, as well as the one-off fees involved, by checking out the linked reviews in the table below. 

Home loan repayments calculator

years

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

3.70% p.a.

4.76% p.a.

$0.00

$600

3.80% p.a.

4.86% p.a.

$0.00

$600

3.65% p.a.

4.71% p.a.

$0.00

$600

3.55% p.a.

4.61% p.a.

$0.00

$600

3.65% p.a.

4.71% p.a.

$0.00

$600

3.50% p.a.

4.57% p.a.

$0.00

$600

3.45% p.a.

4.19% p.a.

$0.00

$600

3.55% p.a.

4.29% p.a.

$0.00

$600

3.40% p.a.

4.14% p.a.

$0.00

$600

3.30% p.a.

4.04% p.a.

$0.00

$600

3.40% p.a.

4.14% p.a.

$0.00

$600

3.25% p.a.

3.99% p.a.

$0.00

$600

Variable Rate Home Loans

Home buyers or refinancers searching for a greater choice of features may be better suited to one of the variable rate home loan offers from WAW Credit Union. Available to owner occupiers and investors, the Flexible Choice Home Loan will appeal to borrowers after a full-feature loan, while the Back to Basics Home Loan is likely to be a good fit for those after a lower interest rate. Both variable mortgages are available on loan amounts starting from $50,000 all the way up to $2,000,000, with deposit options as low as 5% of the property's value on offer. Each loan has a number of different features and fees attached though, so to find out more about those check out the linked reviews in the table beneath. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.34% p.a.

3.38% p.a.

$0.00

$600

3.44% p.a.

3.48% p.a.

$0.00

$600

3.29% p.a.

3.33% p.a.

$0.00

$600

3.19% p.a.

3.23% p.a.

$0.00

$600

3.29% p.a.

3.33% p.a.

$0.00

$600

3.14% p.a.

3.18% p.a.

$0.00

$600

4.39% p.a.

4.43% p.a.

$0.00

$600

4.49% p.a.

4.53% p.a.

$0.00

$600

4.34% p.a.

4.38% p.a.

$0.00

$600

4.24% p.a.

4.28% p.a.

$0.00

$600

4.34% p.a.

4.38% p.a.

$0.00

$600

4.19% p.a.

4.23% p.a.

$0.00

$600

3.44% p.a.

3.48% p.a.

$0.00

$600

3.54% p.a.

3.58% p.a.

$0.00

$600

3.39% p.a.

3.43% p.a.

$0.00

$600

5.09% p.a.

5.14% p.a.

$0.00

$600

5.19% p.a.

5.24% p.a.

$0.00

$600

5.04% p.a.

5.09% p.a.

$0.00

$600

4.94% p.a.

4.98% p.a.

$0.00

$600

5.04% p.a.

5.09% p.a.

$0.00

$600

4.89% p.a.

4.93% p.a.

$0.00

$600

WAW Credit Union home loan features in a glance

Image of coins

Low deposit requirements

Borrowers looking to purchase a property sooner won't have to wait until they save up a 20% deposit, as WAW Credit Union has low deposit options (as low as a 5% deposit required) available with its fixed and variable rate offers. Just remember that loan options with lower loan-to-value ratios (LVRs) typically come with a higher interest rate, and borrowers with deposits below 20% are generally required to take out lenders mortgage insurance.

Repayment Icon

Extra repayments

Looking to pay off your mortgage ahead of schedule? WAW Credit Union allows its customers to do just that, with a free extra repayments feature available with both its fixed and variable home loan offers. 

Offset icon

Offset account

Stashing savings in an offset account is a popular way for mortgage holders to reduce the amount of interest they pay on their loan, so if that's a feature you'd like to have access to then you'll be pleased to know that it's on offer with WAW Credit Union's variable rate Flexible Choice Home Loan. 

How are WAW Credit Union home loans rated?

Mozo users have rated WAW 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
WAW Credit Union home loans
Overall
8.8/10
Price
Features
Customer service
Convenience
Trust

10 Reviews

Recent WAW Credit Union home loan reviews

WAW Credit Union Home Loan
Overall 7/10
I am especially happy now with interest rates

I would recommend this banks to family and friends. Staff are quite helpful and friendly.

Read full review

I would recommend this banks to family and friends. Staff are quite helpful and friendly.

Price
6/10
Features
7/10
Customer service
7/10
Convenience
7/10
Trust
6/10
Less
Norma, New South Wales, reviewed about 6 years ago
WAW Credit Union Home Loan
Overall 9/10
Flexibility

Good loan rates, flexible repayments and redraw facility.

Read full review

Good loan rates, flexible repayments and redraw facility.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Graeme, Victoria, reviewed about 6 years ago
WAW Credit Union Home Loan
Overall 7/10
Happy most of the time

WAW stands for warm and welcoming, but could also stand for words are weak. They are friendly but not sure if I trust them.

Read full review

WAW stands for warm and welcoming, but could also stand for words are weak. They are friendly but not sure if I trust them.

Price
6/10
Features
6/10
Customer service
10/10
Convenience
6/10
Trust
6/10
Less
Sara, , reviewed over 6 years ago
WAW Credit Union Home Loan
Overall 10/10
The BEST customer Service!

The service we received from WAW could not be matched anywhere! From the front desk to the manager we were very happy with the loan we chose. Very competitive pricing was also attractive. However possibly an upgrade to the Internet banking to match some rivals would be the only criticism.

Read full review

The service we received from WAW could not be matched anywhere! From the front desk to the manager we were very happy with the loan we chose. Very competitive pricing was also attractive. However possibly an upgrade to the Internet banking to match some rivals would be the only criticism.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Cameron, New South Wales, reviewed almost 7 years ago
WAW Credit Union Home Loan
Overall 10/10
Trustworthy group

The credit union staff have over the years always been there for us with information, advice and sound strategies. They have never given us advice that benefits them at our expense. It's usually the other way round.

Read full review

The credit union staff have over the years always been there for us with information, advice and sound strategies. They have never given us advice that benefits them at our expense. It's usually the other way round.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Bill, Victoria, reviewed over 7 years ago

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

Interested in applying for a home loan with WAW Credit Union? You'll be able to start an enquiry online, or by giving them a call or popping into a branch. Before you get started though, it may be worth gathering together some of the following information and documents to help your application go smoother:  

  • Personal and contact details for each applicant (if necessary)
  • Proof of salary (i.e. payslips) and evidence of other any other income e.g. government payments or rental income
  • Statements for any outstanding debt e.g. credit cards or other existing loans
  • A copy of your driver's licence or passport for identification
  • Home loan statements (if you’re looking to refinance)

Home loan quick links