Login

First Home Buyer Package Home Loan

Take advantage of our First Home Buyer Package Home Loan and approved access to the Australian Government’s First Home Guarantee (FHBG) to buy your first home.

Helping you buy or build your first home, The Mutual Bank’s First Home Buyer Package Home Loan has loads of options to suit your banking needs:

  • No monthly fees
  • 1.65%p.a. discount on the Standard Variable Rate Home Loan for the life of the loan
  • Fixed interest rate options with the ability to split your loan amount balance to have both fixed and variable rates
  • Access to extra repayments via a redraw facility 24/7 through electronic banking
  • Enjoy 1% discount on the purchase rate of our Mutual Visa Credit Card and no annual fee
  • Annual Package fee waived for the first year of your loan
  • Valuation fee waived.

 

First Home Guarantee

The Mutual Bank is one of a limited number of lenders approved by Housing Australia as a participating lender in the Home Guarantee Scheme which supports eligible first home buyers to enter the housing market sooner.

Usually, home buyers with less than a 20 per cent deposit need to pay Lenders Mortgage insurance. Under the FHBG, eligible first home buyers can purchase a home with a deposit of as little as five percent, and avoid paying Lenders Mortgage Insurance, pending other lending criteria being met.

You can find more information about the FHBG and eligibility criteria on the Housing Australia website.

Our expert lending team is here to help you every step of the way.

No question is too big or too small – talk to us today on 1300 688 825.

We're ready to help you

Important Information

A First Home Buyer Package Home Loan should be considered carefully in terms of your financial situation and is not available for business or commercial purposes. Application for First Home Buyer Package Home Loan finance is subject to credit approval with First Home Buyer Package Home Loan Terms and Conditions available on application and included in any loan offer. Eligibility criteria, conditions, fees, and charges apply to all loans. Eligibility criteria, terms, and conditions apply to the Home Guarantee Scheme and First Home Buyer Schemes.

Information is current as at date of appearance and is subject to change. Eligibility and lending criteria, conditions, fees, and charges apply to all loans.

*Apply by 22 December 2023, settle within 120 days of application. Minimum new loan amount of $500,000. Limit of one cash back within 12 month period. Terms and conditions apply.

Footnotes:

    

Home | Privacy Policy | Important Documents | CDR Policy | Contact Us | Lost or Stolen Cards | Website Terms of Use

Any advice or information on this site does not take into account your personal objectives, financial situation, or needs and you should consider whether it is appropriate for you. Please review our Product Disclosure Statement, Target Market Determinations, Terms and Conditions, Financial Services Guide, and Credit Guide before deciding to acquire a product. Interest rates, fees, and charges may change without notice.

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

The Mutual Bank acknowledges the Traditional Custodians of Country across Australia and recognises their continuing connection to lands, waters and communities. We pay our respects to Aboriginal and Torres Strait Islander cultures and to Elders past and present.