Community Advantage
Home Loan
The home loan that supports eligible community professions with home loan savings.
Owner Occupied — Maximum LVR 90%
| Loan Type | Interest Rate | Comparison Rate* |
| Variable Principal and Interest |
6.29% p.a.1 | 6.34% p.a.* |
Owner Occupied — Maximum LVR 90%
| Loan Type | Interest Rate | Comparison Rate* |
| 1 Year Fixed Principal and Interest |
6.09% p.a.2 | 6.32% p.a.* |
| 2 Year Fixed Principal and Interest |
6.19% p.a.2 | 6.32% p.a.* |
| 3 Year Fixed Principal and Interest |
6.14% p.a.2 | 6.30% p.a.* |
Investment — Maximum LVR 90%
| Loan Type | Interest Rate | Comparison Rate* |
| Variable Principal and Interest |
6.59% p.a.1 | 6.64% p.a.* |
Investment — Maximum LVR 90%
| Loan Type | Interest Rate | Comparison Rate* |
| 1 Year Fixed Principal and Interest |
6.39% p.a.2 | 6.62% p.a.* |
| 2 Year Fixed Principal and Interest |
6.49% p.a.2 | 6.62% p.a.* |
| 3 Year Fixed Principal and Interest |
6.44% p.a.2 | 6.60% p.a.* |
Why Community Advantage ?
Simple
Make extra repayments on either the fixed or variable rate home loan without penalty and access these funds via redraw.
Flexible
Choose weekly, fortnightly or monthly loan repayments.
Low Fuss
A simple, low fuss loan with no monthly or annual fees to fund the purchase or construction of your owner occupier or investment property.
Borrow up to 90% without the need to pay LMI 1
If you’re eligible, you won’t pay LMI 1
Available for new lending up to $1.2 million
Includes one standard valuation and legal fees for one security property
Important notes
Who’s eligible?
To qualify, at least one borrower (not guarantor) must be employed/engaged in one of the occupations listed below.
-
- Police Department employee (sworn officer or civilian)
- Ambulance Officer (including specialist paramedics)
- Qualified Registered Nurse (including hospital and nursing home/aged care facilities)
- Professional Fire Fighter
- Qualified / Licenced Teacher (currently employed in a school)
- Accountant
- Medical Doctor
- Dentist / Orthodontist
- Judicial Officer
- Veterinary Surgeon
- Legal practitioner
What is LMI?
Lenders’ Mortgage Insurance (LMI), is an insurance that protects the lender, not the borrower against a shortfall in the sale of the home and the outstanding loan amount should they default on a loan. It’s a one-off payment made by the borrower at the time of the loan settlement, and can cost thousands.
Important notes
You can view Target Market Determinations here.
Credit eligibility criteria, terms & conditions, fees & charges apply. Community Advantage is available as principal and interest lending for home purchase and home construction purposes only.
Community First reserves the right to make final eligibility decisions on an applicant’s profession for the Community Advantage home loan product.
1 Lenders’ Mortgage Insurance applies where the loan to value ratio (LVR) exceeds 90%. Some suburb exclusions apply.
See other Community First Bank home loan products if your LVR exceeds 90% here
2 Interest rate is current as at 05/03/2026 and is applicable for new loans and switches and is subject to change without notice. At the end of the fixed period your loan and interest rate will revert to the applicable Community Advantage Variable Home Loan and its relevant variable interest rate. Accordingly, your repayment amount may change. Alternatively, you can switch into a new fixed term home loan by paying a loan variation switch fee. Your interest rate and repayments may increase at the end of the fixed term based on the applicable interest rate in place at that time. Break costs will apply to fixed rate loans if you switch to another home loan product before the end of your fixed rate period.
At any time during the loan term you can request a valuation, at your cost, be completed on the security property. If the LVR has reduced to 80% or less, you can elect to switch into any other applicable Community First home loan product. A loan variation switch fee will apply, unless you select a package home loan. We recommend this action is completed during a variable loan term, as break costs apply to fixed rate loans.
*The comparison rate is calculated on a loan amount of $150,000 over a loan term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
