UPDATED JUL 7, 2026

CommFCU Home Loans: The 2026 Review

No ongoing fees and a lower-than-average comparison rate offer savings, but watch for the high discharge fee. Ready to explore flexible repayment options?

Bheja Verdict

Very Good

4.0/5
✓
Competitive interest rates
✓
Wide range of loan options
Check Eligibility

CommFCU Home Loans At a Glance

🏷️Best Rate Available

5.94%

Variable • Owner Occupied

💳Application Fee

$600

Upfront fee applies

📅Monthly Fee

$0

Ongoing service fee

Loan Range:$10K - $100.0M
LVR:Up to 95%
Products:60 variations
Offset Account:Available

Current CommFCU Home Loan Rates

Last updated: July 2026

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Average Rate
6.26%
Best Rate
5.94%
Monthly Payment
$2,978
Advanced
  • CommFCU

    Go Basic Variable Home Loan - Owner-occupied LVR 80% (Principal and Interest)

    CommFCU

    Min 20% DepositRedraw
    5.94%
    Interest Rate
    Variable
    5.99%
    Comparison Rate*
    $2,978
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Application
    $1,500
    Ongoing/year
    $50
    Discharge
    $696    + other fees may apply
  • CommFCU

    BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 80% (Principal and Interest)

    CommFCU

    Min 20% DepositOffsetRedraw
    6.09%
    Interest Rate
    Variable
    6.47%
    Comparison Rate*
    $3,027
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Application
    $1,500    Ongoing/year $395
    Discharge
    $696    + other fees may apply
  • CommFCU

    Go Basic Variable Home Loan - Owner-occupied LVR 95% (Principal and Interest)

    CommFCU

    5%-20% DepositRedraw
    6.29%
    Interest Rate
    Variable
    6.34%
    Comparison Rate*
    $3,092
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Ongoing/year
    $50
    Discharge
    $696    + other fees may apply
  • CommFCU

    BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 95% (Principal and Interest)

    CommFCU

    5%-20% DepositOffsetRedraw
    6.39%
    Interest Rate
    Variable
    6.76%
    Comparison Rate*
    $3,124
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Application
    $1,500    Ongoing/year $395
    Discharge
    $696    + other fees may apply
  • CommFCU

    Community Advantage Variable Owner Occupied (Principal and Interest)

    CommFCU

    Min 10% DepositRedraw
    6.59%
    Interest Rate
    Variable
    6.64%
    Comparison Rate*
    $3,190
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Application
    $600
    Ongoing/year
    $50
    Discharge
    $696    + other fees may apply

* Comparison rate is calculated on a loan amount of $150,000 over 25 years. Rates and fees are subject to change. Terms and conditions apply.

+ Only key fees (application, discharge, ongoing) are displayed - other fees such as redraw, administration, and processing fees may also apply.

CommFCU Product Statistics

Real-time insights and market analysis

CommFCU offers 60 home loan products across 60 variations, the average variable rate is 6.75% p.a., the best available rate is 5.94% p.a..

Average Variable Rate

6.75%

18 products

Average Fixed Rate

7.12%

42 products

Best Available Rate

5.94%

Variable • Owner Occupied • P&I

Total Products

60

60 variations

Fee Summary

Application Fee

$600 - $2K

Monthly Fee

$0

Discharge Fee

$696

Late Payment Fee

$25

Key Features

Across CommFCU's range: 8 include an offset account, 60 offer redraw, 60 allow extra repayments, 58 support split loans.

Offset Account
13%
Redraw Facility
100%
Extra Repayments
100%
Split Loan
97%

Product Ranges

CommFCU's interest rates range from 5.94% to 8.94% p.a., maximum LVR from 80% to 95%, loan amounts span $10,000 to $100,000,000.

Interest Rates5.94% — 8.94%
Max LVR80% — 95%
Loan Amount$10K — $100.0M

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How CommFCU Compares

FEATURECommFCUAustralian Mutual Bank LTDHume BankFire Service Credit UnionNewcastle Permanent Building Society
Best Variable Rate
5.94%
5.64%
5.99%
5.89%
5.99%
Best Fixed Rate (3yr)
6.64%
6.14%
6.39%
—
6.39%
Application Fee
$600
$250
$199
$150
$350
Monthly Admin Fee
$0BEST
$0
$0
$0
$0
Offset Account
Redraw Facility
Product Variations
60
182
115
5
109
💡

Bheja Insight: CommFCU offers offset accounts like most community-owned lenders, helping reduce interest while keeping funds accessible.

About CommFCU

Company overview and contact information

CommFCU, officially known as Community First Credit Union Limited, is a community-owned financial institution offering a blend of branch and online services. With an Australian Business Number (ABN) of 80087649938, CommFCU operates under the regulatory framework of an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL), both numbered 231204. This ensures they adhere to stringent financial standards, providing peace of mind to their members.

CommFCU offers a diverse range of 60 home loan products with interest rates ranging from 5.94% to 8.94%. Their offerings are designed to cater to a wide array of customers, from first-time homebuyers to seasoned investors. Notable features include no ongoing fees and flexible repayment options, such as interest-only terms for up to five years, making their products both accessible and adaptable to individual needs.

What sets CommFCU apart is their commitment to community empowerment and customer-centric services. They offer a life-of-loan discount, enhancing affordability for borrowers. As a community-owned entity, they prioritize member benefits over profits, ensuring that their services remain competitive and aligned with the needs of their local communities.

Company Details

Legal Name: Community First Credit Union Limited
ABN: 80087649938
Ownership: community_owned
AFSL: 231204

Key Features

CommFCU offers competitive home loan options with no ongoing fees, flexible repayment terms, and the ability to borrow up to 95% LVR, providing significant value for Australian borrowers.

Redraw Facility

CommFCU provides a redraw facility, allowing borrowers to access extra funds paid into their home loan. This feature offers flexibility in managing finances, although redraw fees may apply.

No Penalty for Extra Repayments

Borrowers can make extra repayments on their CommFCU home loans without incurring penalties, enhancing the ability to pay off the loan faster and save on interest costs. However, an Early Repayment Fee may apply if the loan is paid out during the fixed rate term.

Split Loan Option

CommFCU allows borrowers to split their home loans into multiple portions with different interest rate types or terms. This feature provides greater flexibility in managing repayments and risks.

Online Banking Access

CommFCU offers comprehensive online banking features, enabling borrowers to manage their home loans conveniently from anywhere. This digital access includes viewing balances, making payments, and more.

No Ongoing Fees

CommFCU home loans come with no ongoing monthly or annual fees, reducing the overall cost of borrowing and providing long-term savings for borrowers.

Life of Loan Discount

Borrowers benefit from a life of loan interest rate discount with CommFCU, ensuring competitive rates throughout the loan term and enhancing cost-effectiveness.

Interest-Only Term

CommFCU offers interest-only repayment options for up to 5 years, providing flexibility for borrowers who wish to minimise initial repayments, particularly beneficial for investors.

LMI Fee Waiver

Eligible borrowers in certain professions can benefit from a waiver on Lenders Mortgage Insurance (LMI) for loans with up to 90% LVR, reducing upfront costs significantly.

Mobile App Access

CommFCU's mobile app provides users with the ability to manage their home loans on the go, offering features such as transaction history, payment scheduling, and loan balance tracking.

Fees & Charges

CommFCU offers a range of home loan products with transparent fee structures, including both fixed and variable fees depending on the specific loan and borrower circumstances.

Fee Type
Amount
Description
Application Fee
$0-$600
Covers the cost of one standard valuation and legal fees for one security property.
Lenders Mortgage Insurance (LMI)
Variable
Dependent on the loan to valuation ratio of each loan.
Construction Loan Application Fee
$1500
Includes application, inspection, and draw-down fees during the construction period.
Home Loan Application Fee
$600
Includes the cost of the first standard valuation and legal fees for one security.
Boost Package Annual Fee
$395/year
Annual fee charged on the Boost Package Home Loan.
Late Payment Fee
$25
Charged to the loan account for late payments.
Special Attendance Fee - Mortgage Discharge
$696
Charged at the time of mortgage discharge.
Redraw Fee - Staff Assisted
$30
Charged to the loan account for staff-assisted redraws.
Loan Variation Fee
$250
Applies to loan split requests, additional splits, loan top-ups, and loan switches.
Safe Custody Fee
$50
Applies to the storage of documents like certificates of titles and wills.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

CommFCU offers home loans to individuals who meet specific eligibility criteria, ensuring accessibility to Australian citizens and permanent residents seeking to invest in property.

Must be at least 18 years old.
Must be an Australian citizen or permanent resident.
Must provide proof of income through bank statements, payslips, or tax returns.
Loan-to-Value Ratio (LVR) must be between 80% and 95%.
Lenders Mortgage Insurance (LMI) is required for LVRs above 80%.
Must provide proof of identity, such as a passport or driver's license.
Must be a natural person, not a legal entity.
Property details must be provided if applicable.

Important Notes

  • LMI is required for loans with an LVR above 80%.
  • CommFCU offers specific loan products with LMI waivers for eligible professions up to 90% LVR.
  • Ensure all documentation, including proof of income and identity, is current and accurate before applying.
  • CommFCU provides various loan options, including fixed and variable rates, to suit different borrower needs.

CommFCU Home Loan Pros & Cons

Our expert take on whether CommFCU is right for you

Pros

  • +Potential savings on larger loans
  • +No penalty for extra repayments
  • +Flexible split loan options
  • +No application fee
  • +Interest – only term up to 5 years

Cons

  • –High discharge fee of $696
  • –High annual fee of $395 for the Boost Package Home Loan
  • –Rates are above market average

Best For

  • Borrowers seeking flexible repayment options
  • Homeowners looking to split their loan into multiple portions
  • Individuals interested in community-owned financial institutions
  • Borrowers with larger loan amounts seeking savings

Not Ideal For

  • Borrowers seeking LMI waivers
  • Those looking for special programs or cashback offers
💡

Bheja Verdict: CommFCU offers competitive home loan rates with potential savings for larger loans, making it a strong choice for those seeking flexibility and community-focused service.

Expert Secrets (Why Use Us?)

Insider knowledge about CommFCU that most borrowers don't know

LMI Cost Examples

1For a $500,000 loan at 85% LVR, LMI costs $6,000, increasing to $12,500 at 90% and $21,000 at 95%.
2A $750,000 loan incurs $9,000 in LMI at 85% LVR, $18,750 at 90%, and $31,500 at 95%.
3For a $1,000,000 loan, LMI costs $12,000 at 85% LVR, $25,000 at 90%, and $42,000 at 95%.
4CommFCU does not offer LMI waivers, so borrowers should consider these costs when planning their finances.

Fee Waivers

No application fee for first-time home buyers.
Waived annual fees for the first year on selected loan products.
Discounted valuation fees for properties under a certain value.

Offset Benefits

Utilizing an offset account can significantly reduce the interest paid over the life of the loan. For example, maintaining a $20,000 balance in an offset account on a $500,000 loan could save approximately $50,000 in interest over 30 years.
Offset accounts can also offer liquidity, allowing you to access funds while still benefiting from interest savings.
Linking multiple offset accounts to a single loan can maximize interest savings.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

5 Steps
1
Notify the Lender: Contact CommFCU at least 10 business days before your intended discharge date to notify them of your intent to discharge the loan. (Tip: Use the contact number 1300 13 22 77 to ensure your request is acknowledged.)
2
Submit Required Forms: Complete and submit any necessary discharge forms as instructed by CommFCU. (Tip: Ask for confirmation of receipt once forms are submitted to avoid delays.)
3
Pay Discharge Fees: Ensure the $696 Special Attendance Fee for mortgage discharge is paid. (Tip: Verify all fees with CommFCU to avoid unexpected charges.)
4
Processing of Discharge Request: CommFCU will process your discharge request, which typically takes 5-7 business days. (Tip: Follow up with CommFCU if you haven't received confirmation of processing within the expected timeframe.)
5
Settlement Booking: Coordinate with your settlement agent to book a settlement date once the discharge is processed. (Tip: Keep all parties informed to ensure a smooth settlement process.)

Processing Times

Discharge Process10-14 business days
💡

Pro Tips

  • Notify CommFCU at least 10 business days before your intended discharge date to avoid delays.
  • Ensure all fees are clearly understood and accounted for before proceeding with the discharge.
  • Keep a record of all communications and confirmations from CommFCU.
  • Consider negotiating any additional fees if applicable.
  • Double-check all details with your settlement agent to ensure accuracy.

CommFCU Mortgage Calculator

Estimate your repayments using current CommFCU home loan rates

Over 30 years, borrowing $480,000 at 5.94%, total cost including interest and known fees could be around $1,067,564. Estimated monthly repayment: $2,859.35.

Estimated total cost over 30 years
$1,067,564
Estimated repayment
$2,859.35
monthly repayment
Amount you borrow: $480,000 · At 5.94% · Variable — can change with the market

This loan can be split between fixed and variable. This estimate uses one option only.

Known fees in this estimate

Application fee
$1,500
Document fee
$2
Discharge fee
$696
Monthly fee
$100 / month
Total ongoing fees (30 yrs)
$36,000
How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow
$480,000
Total interest
$549,367
Upfront fees
$1,502
Ongoing fees
$36,000
Discharge fee
$696
Estimated total cost
$1,067,564
  • These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
  • Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
  • Split loans and offset accounts aren't included in this estimate.
  • For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if CommFCU is right for you? Our brokers can help you compare options.

Frequently Asked Questions

The initial inquiry and pre-approval process takes about 3-5 business days. Once you submit a full application, processing takes 1-2 weeks, with conditional approval following in 5-7 business days. Final approval is typically granted 3-5 business days after the valuation.

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