Start your property journey with $5,000 cash back

Until 30 November 2025, first home buyers can enjoy a $5,000 cashback when they meet specific conditions, making the dream of home ownership even more achievable. Both owner occupied and investment home loans are eligible for the first home buyer cashback offer. 

Making first home ownership even more achievable, eligible first home buyers can also access the Australian Government 5% Deposit Scheme. This means you buy a first home with as little as 5% deposit, without the need for Lenders Mortgage Insurance, if you meet the eligibility criteria for the scheme.

Apply or enquire today - our team are here to help you through the entire process.

     

 

   

 

        

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How to Apply

Getting started is easy – and only takes a few minutes.

  • Apply online

    Start your application from home at your own pace. Save your contact information and we'll reach out if you may need support.

  • We’ll review your application

    Once we've received your application, we'll get in touch to let you know the outcome or to ask for further information if required.

  • Prefer to speak with a person?

    Enquire now for a call back or visit us in branch and our team will guide you through the process.

Budget Home Loan Rates

Product Interest Rate Comparison Rate
Owner Occupied Special Variable Rate LVR ≤80% 5.19% p.a. 5.19% p.a.
Investment Special Variable Rate LVR ≤80% 5.69% p.a. 5.69% p.a.
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  • 1

    First Home Buyer Special Offer: Rate includes a discount margin off the applicable Owner Occupied Budget Home Loan Variable Rate. Margin and rate subject to change. Offer is available to First Home Buyers for new loans with a minimum amount of $500,000 with a LVR up to 95%. Offer may be withdrawn at any time. Non-First Home Buyers Special Offer: Rate includes a discount margin off the applicable Owner Occupied Budget Home Loan Variable Rate. Margin and rate subject to change. Rate only available for new loans to The Mutual Bank with minimum new loan amount of $100,000 and maximum LVR of 80%. Offer may be withdrawn at any time.

  • 2 Comparison rate calculated on a loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate.
  • 3

    First Home Buyer Special Offer: Rate includes a discount margin off the applicable Investment Budget Home Loan Variable Rate. Margin and rate subject to change. Offer is available to First Home Buyers for new loans with a minimum amount of $500,000 with a LVR up to 90%. Offer may be withdrawn at any time. Non-First Home Buyers Special Offer: Rate includes a discount margin off the applicable Investment Budget Home Loan Variable Rate. Margin and rate subject to change. Rate only available for new loans to The Mutual Bank with minimum new loan amount of $100,000 and maximum LVR of 80%. Offer may be withdrawn at any time.

Cashback offer is available for new applications submitted between 16 October and 30 November 2025 and settled by 30 April 2026. For Construction loans, settlement is considered when there is settlement of land or when the first progress payment has been made. Offer can be withdrawn at any time. Minimum loan amount $500,000. Only available for eligible first home buyers for purchases and construction to build a house. Excludes purchases for land and Off the Plan. To qualify, your salary must be paid into an Everyday Account or 100% Offset Account. Note: Budget Home Loan does not support construction loans or an offset account.

The Mutual Bank was awarded Lender of the Year (Customer Owned Bank) – Home Loans and Finalist for Best for First Home Buyers (Finalist) in the 2025 WeMoney Financial Services Awards.

Maitland Mutual Limited trading as The Mutual Bank, ABN 94 087 651 983 AFSL/Australian credit licence 238139.