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
  • Fee-free 100% Loan Offset accounts
  • 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 the National Housing Finance and Investment Corporation (NHFIC) as a participating lender in the Home Guarantee Scheme which supports eligible first home buyers to enter the housing market sooner.

Under the Scheme, the previously offered First Home Loan Deposit Scheme (FHLDS) has been renamed the First Home Guarantee (FHBG). 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 in the NHFIC First Home Guarantee Information Guide and on the website: nhfic.gov.au

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.

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.

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