Important disclosure
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 type | Loan to value ratio | Interest rate | Comparison rate |
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Interest only
Loan type | Loan 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
$20k
-
$100m
|
Suitable for Owner Occupiers | Loan term range 1 - 30 years |
Repayment type Interest only | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit Family First Credit Union to view Target Market Determination. |
Features
Extra repayments Unlimited | Redraw facility |
Offset account | 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 |
Legal fee $0 | 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
FAQs
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