A Great Rate For Your First Home
Welcome, first home buyers. This is your place to find the essential information you need to purchase your first home.
Here's how Adam and Jon bought their first home
Having a real person in an actual branch to talk to was a big help to Adam and Jon. They started talking with Greater Bank 12 months before they bought their first home.
The helpful information they got not only gave them the goal of a housing deposit to work towards – it made it seem achievable.
When the boys decided to switch all their banking to Greater Bank, it was a cinch - now they can keep track of their loan repayments and do all their day-to-day banking on the one handy app.
Your Here's How Toolkit
Source your deposit
Generally, you’ll need to have saved a minimum 5% of the purchase price as a deposit. A high-interest savings account, such as The Greater Bank Bonus Saver, is great for accumulating a deposit as it rewards your good saving habits by paying interest rate when you make a deposit and no withdrawals in a given month.
If your parents are happy to give you a hand in providing security for your loan, our Family Pledge option may mean you can reduce, or even eliminate, the deposit amount you need to contribute.
How much can you borrow?
How much will your repayments be?
Calculate your Stamp Duty
Let's talk pre-approval!
Start a discussion with Greater Bank today about pre-approval!
Our Great Rate Loan Features
$0 Establishment Fee, No Ongoing Fees
Discounted variable rates on new loans over $150k with an LVR ≤80%#
Family Pledge Available
Additional Repayments+
Are you eligible for the First Home Buyer Grant?
What is a family pledge home loan?
A family pledge or family guarantee home loan is where you can borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage.
Make a Home Loan Enquiry
Want to find out more or to apply? Contact us online today!
Important information:
*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.
Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273
~At the end of the fixed rate period customers can chose to re-fix their loan for another fixed rate period or let the loan revert to the applicable variable interest rate based on the loan and repayment type.
^Comparison rate is based on $150,000 over 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.
#Discounted rates include a discount on Home Loans of $150,000 or over and for owner occupied Home Loans with an LVR 80% or below and for investment Home Loan with an LVR 80% or below and apply to new borrowings only. Discounted rate not available for Line of Credit facilities.
+ Additional costs may apply to fixed rate loans.
* To access your Ultimate Home Loan package insurance discounts please visit your local branch or alternatively call us on 131386. The discount is not available online. The discount is only available for the first year of the policy.
All new interest only home loans, attract a 0.10% p.a. margin above the applicable Principal and Interest base rate. All new Line of Credit home loans, attract a 0.10% p.a. margin above the applicable Line of Credit base rate. The all up interest rate which includes any margins, will be set out in your credit contract.
View our Terms and Conditions.