Interest Rate Change | May 2026 | For current members with an owner occupied or investment variable rate home loan, an increase of 0.25% will apply, effective from 01 June 2026. Learn more 

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First Home
Buyer

Becoming a homeowner is a significant milestone that marks a new chapter in your life

First Home
Buyer Loan

5.85
%
variable
interest
rate1
PA
6.23
%
comparison
rate2
PA

Our First Home Buyer Loan is designed to help first home buyers get into the market to purchase their first home and start to pay off their new home loan as quickly as possible!

Discount of 0.50%1 for the first 3 years of your loan

Offset facility available

Fee free redraw facility

No account keeping or annual fees

Variable rate loan

Available for First Home Buyers purchasing an Owner Occupied home

Make unlimited additional repayments with no penalties

Easy repayment options to choose your method or set up salary deductions

Find out more
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Tools & Calculators
Home Loan Key Facts Sheet
Home Loan Rates
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Embarking on Your Homeownership Journey with Laboratories Credit Union

At Laboratories Credit Union, we understand that the journey to owning your first home is both exciting and complex. That's why we're here to guide you through every step of the process, providing you with the support and financial solutions you need to turn your homeownership dreams into reality.

Why Choose Laboratories Credit Union for Your First Home Purchase?

 

1. Tailored Financial Solutions:

We recognize that every first-time homebuyer’s situation is unique. Our experienced team is dedicated to crafting personalized financial solutions that suit your specific needs and goals. From competitive mortgage rates to flexible repayment options, we’re committed to helping you find the perfect fit for your budget.

 

2. Expert Guidance:

Navigating the world of real estate can be overwhelming, especially if you’re a first-time buyer. Our knowledgeable loans team are here to demystify the process, answering your questions and providing guidance at every turn. With Laboratories Credit Union by your side, you can make informed decisions with confidence.

 

3. Competitive Mortgage Rates:

Securing a mortgage with favourable rates is a crucial aspect of your home purchase. At Laboratories Credit Union, we offer competitive rates that help you save money over the life of your loan. Our commitment to providing cost-effective solutions ensures that your investment is as financially savvy as it is fulfilling.

 

4. Community and Support:

When you choose Laboratories Credit Union, you’re not just a customer – you’re a valued member of our community. We’re dedicated to fostering connections and building relationships that extend beyond financial transactions.

Your journey as a first-time homebuyer is a significant milestone, and Laboratories Credit Union is honoured to be a part of it. With our tailored financial solutions, expert guidance, and commitment to your success, you can trust us to make your home ownership dreams come true. Let’s embark on this exciting adventure together – your new home awaits, and Laboratories Credit Union is here to make it a reality.

Take a look at our Home Loans

LCU offers a variety of home loans designed to fit your needs. Explore and compare our options to find the right loan and rate for you.

Compare rates
Ready to get started?

Applying is simple! At LCU you have the flexibility to apply whenever and wherever you want to.

Apply for a home loan
Apply now

How do I apply?

Applying is simple! At LCU you have the flexibility to apply whenever and wherever you want to.

Apply for a home loan Apply online now
Get in touch with our team Call us
Email your enquiry to our team Email us
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Things you should know

1 Rates are subject to change. Please refer to our rates and fees page. Credit eligibility criteria, terms & conditions, fees & charges apply. Only first home buyers are eligible for “The First Home Buyer Loan” which offers an ongoing discount of 0.50% off our Intelligent Mortgage Variable Loan Rate for the first 3 years after funding. This product is only available for owner occupied, principal & interest loans. Not available for the refinance of existing home loans from external banks or already held with LCU.

2 Comparison rate based on a loan of $150,000 over 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.

 

Please view the Target Market Determination for this product here

Disclaimer: “Does not include 3rd Party & Government charges such as: Lenders mortgage Insurance, Lands and Titles, Stamp duty, Valuation or Solicitors fees involved with setting up a home loan and amounts do vary per State & Territory”