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Helping First Home Buyers

Here to help first home buyers with our First Home Buyer Package Home Loan, the First Home Loan Deposit Scheme and First Home Buyers Assistance Scheme.

Buying your first home is a huge step and exciting stage in life, but for first home buyers the process can be overwhelming. That’s why The Mutual Bank is now offering its First Home Buyer Package Home Loan, designed to help first home buyers achieve home ownership.

 

First Home Buyer Package Home Loan

Our First Home Buyer Package Home Loan includes great benefits to help first home buyers such as;

  •  1.65% p.a. discount on the Standard Variable Home Loan Interest Rate for the life of the loan
  •  Annual Package fee waived for the first year
  •  FREE initial property valuation
  •  100% Offset Account with no account keeping fee
  •  FREE Redraw

 

First Home Loan Deposit Scheme

The Mutual Bank is one of a limited number of lenders appointed by The National Housing Finance and Investment Corporation to offer The First Home Loan Deposit Scheme. The Scheme is a Federal Government initiative to support first home buyers entering the property market and is now available through The Mutual Bank. The Scheme allows first time buyers to pay as little as 5% deposit while avoiding the cost of Lenders Mortgage Insurance.

 

The NSW Government First Home Buyers Assistance Scheme

First home buyers may also be eligible for the NSW Government First Home Buyers Assistance Scheme which offers first home buyers incentives when entering the property market for the first time.

For information relating to the First Home Loan Deposit Scheme and the NSW Government First Home Buyers Assistance Scheme please visit: themutual.com.au/firsthomebuyer

 

 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. Issued by Maitland Mutual Limited trading as The Mutual Bank. AFSL/Australian credit licence 238139. Eligibility criteria, terms and conditions apply to the First Home Loan Deposit Scheme and First Home Buyer Schemes.