Delivering significant mortgage savings to front-line heroes


Courageous community support workers who represent the last line of defence against the insidious COVID-19 pandemic can now secure a home faster thanks to a cost-saving mortgage initiative from one of Sydney’s largest community-based credit unions. 

Essential services workers such as police officers, ambulance officers and paramedics, nurses in hospitals and aged care facilities, as well as prison officers, professional firefighters and school teachers may be eligible* to borrow up to 90% of a property’s value through Community First’s Community Support Employees home loan offer, without the need to pay Lenders’ Mortgage Insurance (credit eligibility criteria, terms and conditions, fees and charges apply).

Lenders’ Mortgage Insurance, or LMI, is an insurance that protects the lender, not the borrower against a shortfall in the sale of the home and the outstanding loan amount should they default on a loan.

LMI is usually levied on a borrower if they take a loan of more than 80% of the home’s value. LMI is a one-off payment made by the borrower at the time of the loan settlement, and this fee can add many thousands of dollars to the size of the mortgage. 

Mr John Tancevski, Chief Executive of Community First Credit Union says, “This home loan offer is available to our vital essential services workers on owner-occupied properties and could save them additional mortgage payments.

“At Community First, we aim to help more people achieve their financial goals faster and particularly those courageous frontline heroes who continue to risk their safety to help our communities through some of the most extraordinary health and climate emergencies we have ever experienced. 

“The bravery of these essential workers should be rewarded and to show our gratitude we are helping eligible community support workers with smaller deposits to buy a home faster.”

The LMI break for community workers is available on home loans valued up to $1 million and is offered on most new owner-occupier loans available through Community First. This offer is also available to professional services specialists such as doctors, surgeons and vets. 


For further information on the Community Support Employees home loan offer click here. 




Last updated: 12 November 2020

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