We understand that in today’s market, it can be challenging for many first home buyers to save a large deposit. That challenge becomes even greater for first home buyers who are renting while trying to save for a home.  
 
There are 4 benefits we can offer to Australia’s first home buyers to help them get into a place of their own:
 
  1. You can buy your first home or apartment with just 5% deposit^. The number of lenders that allow you to borrow up to 95% of the purchase price has shrunk in recent times. Lender’s Mortgage Insurance does apply.
  2. If you don’t have at least 3 months genuine savings, we can take in to account your rental payments. This makes it ideal for first home buyers struggling to save a deposit due to paying rent.
  3. Unlike many lenders, which impose a higher rate for borrowers with a small deposit, Community First doesn’t. That’s because we believe in helping you achieve your financial goals.
  4. If you apply for your first home by 1 March 2019 with Community First, you will receive $500 cashback# on settlement of your loan. That could help with moving costs, décor or even a house warming party. It’s our way of congratulating you.
So if you, a friend or family member are looking to get in to your first home or apartment, talk to us today to see how we can help.
 
Applications are subject to credit approval. Credit eligibility criteria, terms & conditions, fees & charges apply. ^ Lender's Mortgage Insurance applies. Maximum LVR for new apartments is 90%, some suburb exclusions apply. #Cashback offer is available for first home buyer, owner occupier applications submitted by 31/03/19 and settled by 30/06/19, on the Accelerator product where Lender’s Mortgage Insurance is taken out. Cashback is available with the QBE LMI “First Home” product only and will be paid to a nominated Community First account. Community First Credit Union Limited ABN 80 087 649 938, AFSL/Australian credit licence 231204.

Last updated: 21 November 2018

The information contained in this article is only correct at the point of time of publication. It is general information and has been prepared without taking into account your personal circumstances, objectives or needs. Please consider if this information is right for you before making a decision to acquire any product.