First Home Buyers Standard Variable Rate

Buying your first home? Let us make your first home purchase a rewarding experience.

2.97% pa
variable interest rate

3.00% pa¹
comparison rate

Affordable 40-year loan term
100% offset account available
Assistance with applying for the First Home Owner Grant
Complimentary Financial Planning assessment
Family Support Option²
Redraw facility
Valuation fee waived (up to $500)
Establishment fee waived ($250)
Competitive rates & features³

You might also be interested in

First Home Buyers Standard Variable
Interest Rates
Variable interest rate	2.97% pa
Comparison rate	3.00% pa¹
Fees
Establishment fee	$0
Valuation fees included within establishment fee?	No
Annual fee	$0
Monthly fee	$0
Fixed discharge fee	$180
Features
Redraw facility	Yes
Offset account	Yes
Loan repayment insurance	Yes
Additional repayments accepted	Yes
Simulator Defaults
Minimum loan amount	$20,000
Maximum loan amount	$10,000,000
Maximum % amount of property value with family support	100%²
Maximum % amount of property value with mortgage insurance	95%
Maximum % amount of property value	80%
Maximum % amount of land only	70%
Calculation Options
Level repayments	No
Enable interest capitalisation option	No

¹ This comparison rate is based on a $150,000 loan over a term of 25 years. WARNING This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All loan applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.

² Family Support is available for borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security, e.g. their own property, as Guarantor on the loan to secure a portion of the loan. The Guarantor's financial position should be such that they are able to meet their obligations under the guarantee. Non-Resident guarantors are not eligible.

³ Request a Home Loan Key Facts Sheet. All applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.