MMPCU Offers More to First Home Buyers
Looking to buy or build your first home?
Good news! The First Home Owner Grant Boost has been extended.
The Australian Government has announced that as part of the 2009/2010 Budget, the First Home Owner Grant Boost will be extended to 30 September 2009 (reducing by 50% to 31 December 2009).
In addition to the $7,000 First Home Owner Grant, the scheme includes:
- An extra $7,000 for buying an established home
- An extra $14,000 for buying or building a new home
MMPCU is a First Home Owner Grant approved agent so we can process your grant application at the same time as your loan.
For further information on how to apply, specifications for eligibility and benefits, please visit the Office of State Revenue website.
The benefits don't stop there
If you are a member of Maritime Mining & Power Credit Union and are eligible for the First Home Owners Grant, you can also take advantage of the Credit Union's First Home Buyers Loan.
MMPCU has added even more benefits for first home buyers to take advantage of. The application fee has been waived and the loan set up costs (valuation and legal fees) have been capped to a maximum of $450. Plus the First Home Buyers loan also offers:
- FREE death cover up to the first $120,000 in loans per membership
- FREE redraw facility
- NO monthly account keeping fees
- NO penalties for extra repayments
- NO annual fees on Visa Cards
- NO early payout penalties
|
Key Features |
|
|---|---|
| Variable interest rate | View our interest rates |
| Minimum amount | $30,000 |
| Maximum amount |
95% of the property value |
| Loan period | Up to 30 years |
| Repayments | Monthly / Fortnightly / Weekly |
| Interest charges | Calculated daily, charged monthly |
| Loan set up costs (Valuation & Solicitor) | Max $450 |
| Variable and lump sum repayments | Yes |
| Early repayment without penalty | Yes |
| Redraw facility | Yes |
| Top up facility available | Min $10,000 |
| Monthly account keeping / service fees | No |
| Free death cover (up to $120,000 per membership) | Yes |
| Loan Repayment Insurance available | Yes |
| Auto repayments (salary / account) | Yes |
More Information
- Read the benefits of our Home Loans
- Need answers? Read our list of FAQs
- Use our Loan Calculator to work out what loan is right for you
- Find out more about our Loan Repayment Insurance
Apply
Apply for a Home Loan. 
Questions?
If you have any questions, please contact us. 
