Buy your first home
Why choose a BCU Bank home loan?
Great interest rates
Competitive rates for fixed and variable home loans.
Flexible options
Offset your home loan. Split your home loan. Pay extra to your home loan, and redraw later.
Quick approvals
Our home loan specialists will help you get home loan approval quick smart.
With a personal touch
At home, at your local branch, or over the phone – our home lenders are here to help.
Choose from our home loans for first home buyers
OMG Home Loan
A simple home loan with no ongoing fees and a low variable interest rate.
From
Variable rate
Comparison rate*
- No ongoing monthly fees
- Extra payments allowed
- Redraw available
- 100% offset available
- Up to 95% LVR (including LMI)
Offset Home Loan
A variable home loan with the flexibility to use your savings to reduce the interest you pay.
From
Variable rate
Comparison rate*
- No ongoing monthly fees
- Extra payments allowed
- Redraw available
- 100% offset available
- Up to 95% LVR (including LMI)
Fixed Rate Home Loan
Enjoy the certainty of repayments with home loans fixed from one to five years.
2 years fixed from
Fixed rate
Comparison rate*
- No ongoing monthly fees
-
Extra payments allowed
- Redraw available
- 100% offset available
- Up to 95% LVR (including LMI)
How much could you borrow?
Use our handy home loan borrowing power calculator to get an idea of much you could potentially borrow. We’ll just need the basics about what you earn, spend, and owe, and we’ll figure out the rest.
Home loan borrowing power calculator
More calculators
Things to help you on your home-buying journey
What to expect when you buy your first home
Do some research
Start thinking about what area you want to live in. How much houses cost around there, and how much you want to spend.
Save your deposit
We have a range of savings accounts and term deposits that could help with this. And because you’ll earn interest, you can fast-track your deposit a little!
Get in touch
Book an appointment with one of our home loan specialists – at home, work, or one of our branches.
Apply for a home loan
Get ready to put your offer in! We’ll need your photo ID if you don’t already bank with us, as well as a bit of extra information about what you earn, owe, own and spend.
Assessment and approval
We’ll assess your home loan application quickly, so you won’t be waiting too long! We’ll be in touch if we have any questions or need any more info.
Find your first home
Now you’ve got your pre-approval sorted, you can start looking at houses, going to home opens, and negotiating on price!
Sign your contract
We can bring your contract to you, or you can sign it at your local branch.
It’s time to move!
You are now the proud owner of your first home! Now, get those packing boxes sorted, because soon it’ll be moving day. Congrats!
Handy home loan articles
A guide to home buyer grants in NSW and QLD
As an eligible home buyer, you could receive thousands of dollars in state grants. Our Mobile Lenders can help you to determine your eligibility.
What is a home loan pre-approval and why do I need one?
Obtaining a home loan pre-approval is a significant step you need to take before applying for a home loan. Learn what it is and why you need one.
Five tips to help you save for a deposit while renting
It can be difficult to save for a deposit while renting. Luckily, BCU Bank experts have a few top tips to share on this topic.
Don't forget about home insurance!
Protect your prized possessions with home insurance. We offer different levels of cover to suit a range of needs, so you can find insurance to suit you.
Because we're here to help
We'll call you
Drop us your details and one of our home loan specialists will be in touch.
Ready to apply?
Book an appointment over the phone, via video call, or in-person with a home lender.
Talk to the team
Got a question? Call us on 1300 228 228, pop into your local branch, or chat to us online.
Got a question about buying your first home?
If you're looking to buy a home, you can apply for home loan pre-approval to help give you peace of mind for when you're ready to make an offer.
Please contact us on 1300 228 228 to speak with one of our home loan specialists, who can guide you through the process.
Find out more about getting pre-approval for your home loan.
Depending on your application, we can provide loan pre-approval in as little as 24–48 hours, and we are doing so for many of our customers.
For more complex applications, unconditional finance approval or where a valuation of your property is required, it can take between five and seven days to process all the documentation.
Buying a property costs much more than just the purchase price. You'll need to consider additional costs such as stamp duty, building and pest inspection fees, strata costs, pro rata council rates, transfer fees and more.
Use our home buying and selling cost calculator to get an accurate breakdown of the costs involved.
Applying for a home loan can seem daunting, but our home loan specialists make it easy and will walk you through the process.
We’ll ask for information about your income, your expenses and any assets that you own. We also need to know about any other loans, credit cards or other debts (e.g. pay day lenders) you may have.
You'll need to provide documents to support your application.
Get the ball rolling by calling 1300 228 228 to speak with a with a home loan specialist today.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms and conditions, fees and charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View terms and conditions
- View fees and charges
- View Credit Guide
- Create a Home Loan Key Fact Sheet
- View LMI Information Fact Sheet
- View Target Market Determinations (TMDs)
*Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.