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Home Loans

First Home Buyers Get your foot in the door

At Credit Union SA we understand how hard it can be for first home buyers to get into the property market.

That’s why, in addition to our very competitive home loan rates, we’re offering a $5,000 First Home Buyers Grant when you borrow at least $300,000 to purchase a home with a loan to value ratio (LVR) over 80%.

From one South Australian to another it’s a step to help you get a foot in the door.

First Home Buyers Guide Heidi's First Home Buying experience CoreLogic Property Reports Superannuation opportunity for first home buyers

How do I receive the grant?

There are two ways you can choose to receive your grant from Credit Union SA:

1. Have it paid into an account of your choice after settlement, or
2. Choose to have it applied directly towards the settlement of your property purchase.

The choice is yours, but the grant cannot be accessed prior to settlement. Please note that the grant is not available for construction loans. 

Calculate your repayments

We have a range of helpful calculators:

Meet First Home Buyers Nathan and Larissa

For security reasons, current members of Credit Union SA are asked to submit all account enquiries through Internet Banking Secure Mail.

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We understand that the journey to home ownership is exciting, but it can also be a little daunting the first time around.

Read on to learn about some of the key considerations and milestones you'll complete as you achieve your goal of home ownership.

Step 1

Where to start

So you’ve decided to buy your first home, but don’t know where to start? Credit Union SA is here to help you sort through all of the red tape and nonsensical banking language.

Set your budget  Saving for your deposit Get pre-approved Renovate a home

Step 2

How much can I borrow? 

Every home buyer is different, and the amount that each person can borrow is also different. Your borrowing potential is determined by your income, your assets, your living expenses, and the kind of loan you are after. 

Borrowing limits  Which loan is for me? Top Tips: Working out your borrowing capacity Family Guarantee Guide

Step 3

Buying your home

So you’re ready to start looking for a home. You’ve got your deposit and your pre-approval sorted, so now you can start looking for your dream home. Real estate websites are great at making houses look desirable online, but seeing a house in person will speak volumes. 

CoreLogic Property Reports Open inspections Buying at auction How to make an offer  Buying an investment Insure my home Paying off your loan 

How we can help

A clear and simple path to becoming a home owner for the first time.

The Repayment calculator allows you to calculate your repayments for different loans, for various terms and payment frequencies.

The ultimate in savings and flexibility. The Credit Union SA Home Loan Package offers a fantastic collection of benefits across our home loans, Visa credit cards, personal loans, investments and more.

Looking for rates with a little more flexibility? Check out our competitive Standard Variable Home Loan rates.

Lending criteria, fees and conditions apply. Offer is current as at 9/5/2017 and is subject to change. Minimum loan $300,000 with a loan to value ratio over 80% when purchasing a new (fully constructed) or established home. Construction loans do not qualify for the grant. To be eligible, applicants must not have previously owned residential property in Australia. Available to natural persons only (i.e. not a trustee or a company).


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