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Purchasing your first home is an exciting time, but can feel a little overwhelming. From saving for a deposit to applying for grants and everything in between, Team Orange Credit Union is Here for You.

Our team of experienced lenders will guide you through the steps to becoming a first homeowner. They'll help you explore and then set you up with a loan suitable for your goals and lifestyle. 

Did you know? We can take into account your rental history which can be used to demonstrate genuine savings habits? We can also help set you up with easy ways to start saving, such as a dedicated Savings Account or Term Deposit and automatically setting aside a dedicated amount per week directly from your pay.

When you're ready to take the next step, or have questions you want to discuss, make an enquiry so a friendly team member can getin touch. Your dedicated lending specialist will discuss your individual needs and home loan options. 

Ready to run some numbers and get an idea of what you can afford? Get comfy with a coffee and take a look at our calculatorsVariable Interest Rates and Fixed Interest Rates. This will give you an idea of what your loan repayments may be. 

We know not everyone's situation is the same, and below are just some of the ways that Your Team Orange can help you make possibility reality and get you into your first home. 

Parent or Family Guarantee

Don't quite have a deposit saved just yet? Maybe your parents want to help as a guarantor? This option allows you to use the equity from your guarantors' property to serve as security for your home loan. You need to be able to provide 5% genuine savings for a deposit, the rest of the deposit portion (15%) will be covered by the equity in the property. This will also help you to avoid paying Lenders Mortgage Insurance (LMI) which would normally apply to all loans with a deposit under 20%. 

Grants

The First Home Owner Grant Scheme (FHOGS) is fully funded by the NSW Government and administered by the Office of State Revenue (OSR). As an agent for First Home Owners Grants, we are able to process the grant for you as part of your home loan application. Find out more information on the First Home Buyers Grant. Don't worry about the paperwork, your OCU lending specialist will include this as part of your loan application with us. 

Insurance

Don't forget about the additional responsibilities of owning a home, such as home, building and/or contents Insurance. We work with our insurance partner, QBE Insurance, to provide competitive and convenient quotes during your loan application process. Get an online quote for home, building and/or contents Insurance today or chat to your lending specialist.

Variable Rate LoansFixed Rate Loans

FEATURED

Introductory Essential 2 Year 

Variable Rate Home Loan

This low rate loan would suit a property owner who is looking for a basic loan with a variable rate subject to market fluctuations throughout the loan term. After 24 months, this loan moves to the Essential Low Rate Variable Home Loan.

  • Borrow up to 95% of the purchase price
  • $350,000 minimum loan amount
  • For new business only
  • Up to 30-year loan period
  • Flexible repayment options
  • Lump sum repayments available
  • No Redraw
  • No Offset

2.99% pa1
Variable Rate

3.99% pa2
Comparison Rate

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1 Credit eligibility criteria, terms & conditions, fees & charges apply. For new loans with a minimum borrowing balance of $350,000 and up to 95% of property value.

2 Comparison rate based on a secured loan of $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 and other loan amounts might result in a different comparison rate.

 

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