First Choice Credit Union Home Loans

First Choice Credit Union is a provider of home loans, car loans, personal loans and savings accounts.

What home loans does First Choice Credit Union offer?

At the time of writing, First Choice Credit Union offers the following types of home loans:

Owner Occupied Mortgage

This home loan is designed for people buying a house to live in long-term. Features include:

Standard variable interest rate
Discount of 1% available off the standard variable rate for the first two years
Up to 90% LVR
Loan terms of up to 30 years
Redraw facility
No penalty for early repayment
100% offset account available
Pay weekly, fortnightly or monthly at no extra cost
An establishment fee of $865 applies

Investment Mortgage

This home loan is designed for customers aiming to purchase an investment property to rent out. Features include:

Variable interest rate
No monthly account keeping fee
No penalty for early repayment
Redraw facility available

Home Equity Loan

This loan provides you with a line of credit for large purchases, secured by the equity in your home.

Canstar does not currently compare First Choice Credit Union home loans, but you can compare other home loan providers on Canstar’s database:

Compare Home Loans

The inclusions above represent a selection of the features available with First Choice Credit Union home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Check upfront with First Choice Credit Union and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

First Choice Credit Union Home Loan FAQs

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs (please note that Canstar does not currently compare First Choice Credit Union home loan products).

Compare Home Loans

If you decide to apply for a First Choice Credit Union home loan, you can do this through the First Choice website via the online form – you can also upload all relevant supporting documentation to support your application.

Yes, First Choice Credit Union allows extra repayments on their variable interest home loans. Terms and conditions may apply. Contact First Choice Credit Union for details.

To give you an idea of how making extra repayments could save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator:

Home Loans Extra Repayments Calculator

First Choice Credit Union offers a redraw facility on its Owner Occupied and Investment mortgages. Fees and charges may apply to use of a redraw facility. Contact First Choice Credit Union for details.

If you’re in the market for a home loan, compare some of your home loan options with Canstar. (Please note, we do not currently compare First Choice Credit Union home loan products).

Compare Home Loans

First Choice Credit Union is a NSW-based organisation formed in 1970. Originally known as Calare Credit Union, the union was formed by employees from several regional shire councils in NSW. From its roots as a council employees organisation, First Choice now says it serves more than 4,000 members across NSW.