Important disclosure

Family First Credit Union

Construction Home Loan

  • Owner Occupied
  • Variable
  • 5% min deposit
  • Interest Only
Interest Rate

6.20%

p.a

Comparison Rate*

6.27%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 5% min deposit
  • Interest Only
Interest Rate

6.20%

p.a

Comparison Rate*

6.27%

p.a

ly Repayment

$0

based on $500,000 loan amount for 25 years at 6.2%

Construction Home Loan

Find your ideal home loan from one of the 1 home loans from Family First Credit Union

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 95%

6.20% p.a.

6.27% p.a.

Product Info

Family First Credit Union Variable Rate Home loan overview

For Construction Home Loan

Details

Maximum LVR

95%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Family First Credit Union to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$200

Application fee

$200

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$250

Other Restrictions

Progress inspection valuation fee: at cost

Pros and cons

For Construction Home Loan

Benefits

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Suitable for low deposits

Drawbacks

  • No redraw and no offset
  • Not available for first home buyers
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays
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Comparison Rate*

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Family First Credit Union allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Family First Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $200 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

Family First Credit Union makes it possible to apply for this product online. Apply here.