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Home Loans
Our range of home loans are simple to understand, easy to manage and offer a variety of features to satisfy your needs.
Whether you're buying a home or refinancing, BHCCU offers a range of tailored home loan options with competitive interest rates and features. Experience the ease of securing your ideal home with our fast approval process. Explore the various home loans below and discover how BHCCU can be your trusted partner on your home ownership journey.
Home Loans
BHCCU's Owner Occupied Housing Loan is designed to turn your dream of home ownership into a reality. With a basic variable structure, this home loan is ideal for those looking to buy, build, or refinance their residence. Whether you're a first-time homebuyer, a growing family upgrading to a new home, or an individual embarking on building your dream home, this home loan provides a solid foundation for your unique home investment.
Interest Rate from
6.89% p.a.
Comparison Rate
6.96% p.a.
Owner Occupied
Housing Loan
(Buy, Build or Refinance)
Seeking flexibility in your home loan? BHCCU's Standard Variable Housing Loan is an option. Tailored to adapt to your evolving lifestyle, this option comes with various features and benefits. It's perfect for individuals seeking flexibility, or homeowners looking for a versatile loan option to build equity and wealth over time.
Interest Rate from
7.54% p.a.
Comparison Rate
7.61% p.a.
Standard
Variable Housing Loan
Investment
Housing Loan
Empower your investment journey with BHCCU's Investment Housing Loan. Whether you're purchasing, renovating, or refinancing an investment property, this loan offers a competitive interest rate to help you build and diversify your real estate portfolio. It's an ideal choice for property investors or individuals looking to expand their real estate.
Interest Rate from
7.69% p.a.
Comparison Rate
7.76% p.a.
Interest Only Housing Loans
Owner Occupied
BHCCU's Interest Only Housing Loans for Owner-Occupied properties provide financial flexibility by allowing you to pay only the interest for a set period. This can be particularly beneficial for homeowners facing temporary financial constraints, or those seeking short-term financial relief while maintaining ownership of their property, for example, bridging loans.
Interest Rate from
7.54% p.a.
Comparison Rate
7.61% p.a.
Interest Only Housing Loans
Investment
Optimise your cash flow strategy with BHCCU's Investment Interest Only Housing Loan. Repay only the interest on your borrowed amount for a defined period, making it a suitable choice for property investors managing cash flow, individuals with investment properties, or those seeking short-term financial flexibility while maintaining their investment.
Interest Rate from
7.69% p.a.
Comparison Rate
7.76% p.a.
Mortgage
Offset
BHCCU's Mortgage Offset option allows you to accumulate savings and reduce interest on your home loan, offering a strategic approach for individuals looking to minimise interest costs or those aiming to pay off their mortgage faster.
Interest Rate from
8.20% p.a.
Comparison Rate
8.27% p.a.
Home Equity Advantage Overdraft
Experience financial flexibility with BHCCU's Home Equity Advantage Overdraft. This option allows you to utilise the equity in your home or investment property when needed, providing a versatile solution for homeowners looking for flexible access to funds or individuals with changing financial needs.
Interest Rate from
8.05% p.a.
Own your dream home with BHCCU
BHCCU's home loan offerings cater to diverse needs, providing flexibility, competitive rates, and features that empower you on your home ownership journey. Whether you're a first-time buyer, an investor, or seeking financial flexibility, BHCCU has a home loan for you. Take the next step towards your dream home and apply for a home loan today.
Home Loans: FAQs
How much of a deposit do I need to buy a house?
The deposit required for a home loan loan depends on the eligibility of your financial position and would need to be assessed. The deposit may be as little as 5% to 20%. In some cases, deposits may exceed 20%, to best understand your circumstances, get in contact with us.
What factors determine my eligibility for a home loan?
To be eligible to apply for a home loan, all applicants must be:
At least 18 years of age
An Australian Citizen or permanent resident of Australia
In receipt of regular income and able to afford loan repayments
What is the difference between fixed and variable interest rates on a home loan?
A fixed interest rate remains constant for a specified period, providing stability, while a variable rate can fluctuate with market changes. With a fixed rate your repayments are always the same amount, whereas with a variable rate repayment amounts may increase or decrease with the interest rate.
Can I make additional payments on my home loan to pay it off faster?
Yes, BHCCU allows you to make additional payments on your home loan, providing you the flexibility to pay it off faster and potentially save on interest costs.
What is the pre-approval process for a home loan?
The pre-approval process for a home loan can look like this:
Checking your identity and eligibility. You will need to provide identification and proof of income.
Provide your bank statements and details of any assets and liabilities. This includes vehicles, property, credit cards or loans. Your lending manager will check your bank statements to ensure that you can afford repayments on the loan.
Confirm the value of the property you intend to purchase.
Confirm deposit. You will be required to provide evidence of the deposit or equity in other property.
What Is Lenders’ Mortgage Insurance?
Lenders’ Mortgage Insurance (LMI) is insurance that a lender takes out to protect itself against the risk of not recovering the full loan balance should you, the borrower, be unable to meet your mortgage repayments and the property is sold for less than the outstanding loan balance. Read More
Important Information
The Broken Hill Community Credit Union Ltd ABN 12 087 650 762 Australian Credit Licence 238020. Credit eligibility criteria, terms and conditions, fees and charges apply. Full details are available on application.