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:
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.
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.