Mortgage savings for key community workers

We want to help more people in our communities achieve their financial goals. To recognise some of our key community professions that work hard to serve others, we're making it easier to buy a home.

Supporting those who support our community

We want to help more people in our communities achieve their financial goals. To recognise some of our key community professions that work hard to serve others, we're making it easier to buy a home, by giving them the ability to borrow up to 90% of the property value, without the need to pay Lenders' Mortgage Insurance.

Who's eligible?

People in professions such as police officers, ambulance officers and paramedics, nurses in hospitals and aged care facilities, as well as prison officers, professional firefighters and school teachers may be eligible to borrow up to 90% of a property’s value through Community First’s Community Support Employees home loan feature, without the need to pay Lenders’ Mortgage Insurance (credit eligibility criteria, terms and conditions, fees and charges apply).

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 Nurses (including hospital and nursing home/aged care facilities)
  • Prison Officers
  • Professional Fire Fighters
  • Qualified / Licenced Teachers (currently employed in a school)
  • Legal Practitioner
  • Accountant
  • Medical doctor
  • Dentist / Orthodontist
  • Judicial Officer
  • Veterinary Surgeon
  • Optometrist / Ophthalmologist

We understand that there are a wide range of related roles and professions who also play an important role in our community. Please note that at this time, eligible professions are restricted to those in the list below however we will review this list periodically. If you're not sure if you qualify, give us a call.

Which home loans can utilise this feature?

This feature is available for new lending on Community First owner occupied home loans that offer a maximum LVR of 95%. There are a range of fixed and variable options to choose from.

What is LMI?

Lenders’ Mortgage Insurance, or 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.

LMI is usually levied on a borrower if they take a loan of more than 80% of the home’s value. LMI is a one-off payment made by the borrower at the time of the loan settlement, and this fee can add many thousands of dollars to the size of the mortgage.

The LMI break for community workers is available on home loans valued up to $1 million and is offered on most new owner-occupier loans available through Community First. This offer is also available to professional services specialists such as doctors, surgeons and vets. 

Credit eligibility criteria, terms & conditions, fees & charges apply.

Community First Credit Union LimitedABN 80 087 649 938 | AFSL and Australian credit licence 231204 | BSB 512-170