In response to the RBA’s recent decision to cut the official cash rate, Australian Mutual Bank will decrease variable home loan rates by 0.25% for new and existing eligible borrowers, effective 1 March 2025.

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Owner Occupied Home Loans

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  • Owner Occupied Home Loans

Whether you're looking to buy a larger home, downsize or just wanting a change of scene, we are here to assist you.

The process of purchasing your second property will have many of the same steps that applied to your last purchase, however, it can be stressful for a number of reasons. By knowing what’s involved you can be confident all will run smoothly, and also, we will be here to help you every step of the way.

 

Talk it through

A lending consultant will be in touch to answer all your questions, and progress things to the next stage. We may be able to provide you conditional approval to help you confidently bid or make an offer knowing how much you can afford. Conditional approval is valid for 90 days, but it can be renewed if you need more time.

 

Ready to buy?

If you are ready to buy, a fast approval is crucial so when the right property comes up, you are in a position to purchase it straight away. Our lending specialists can assist you in obtaining a full approval quickly and easily.

Buying your second home

Buying a home can be easier the second time around, as you will have a better idea of what to expect. However, if you bought your first home a while ago, there may be additional costs that you haven’t considered or selling costs that you haven’t had to deal with before.

  • Exploring different scenarios
  • How to unlock your home equity
  • Know the costs involved

Family Home Guarantee (FHG)

The Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous home owner. You can use the Family Home Guarantee to build a new home or buy an existing home with a deposit of as little as 2%. For more details and a comprehensive list of eligibility criteria, please read the Family Home Guarantee Fact Sheet. When you’re ready to apply, you can book an appointment online or request a call from a lending specialist who will help you with your application.

Bridging loans: should you buy or sell first?

If you find yourself in a position where you buy your next property before you’ve sold your existing one, we can help you bridge the gap.

A bridging loan is a short-term facility that covers the financial gap between the purchase of your new property and the sale of your existing property.

What loan options are available?

 

Fixed Rate Owner Occupied

Lock in a competitive rate for up to 5 years

  • New Loans from $20,000 only
  • No monthly or annual fees
  • Additional repayments up to $20,000 without penalty
  • 3 Year Fixed 5.49 % p.a. Interest rate
  • 6.24 % p.a.
    Comparison rate
Apply now Learn more

Standard Variable Rate Home Loan

Our most popular Home Loan with a very attractive variable rate

  • 100% offset account available
  • Free redraw facility
  • No annual or monthly fees
  • Variable 6.44 % p.a. Interest rate
  • 6.51 % p.a.
    Comparison rate
Apply now Learn more

Special Offer 3 Year Discounted Basic Variable Rate

For the first 3 years of your loan save on interest with a lower introductory rate

  • Australian Mutual Bank establishment fee, plus third-party valuation fee waived
  • New loans from $500,000 only
  • Family Support Option available
  • 3yr disc. variable* 5.69 % p.a. Interest rate
  • 6.09 % p.a.
    Comparison rate
Apply now Learn more

GumLeaf Standard Variable Rate Owner Occupied

Take root and grow with a GumLeaf Home Loan

  • New loans from $50,000 only
  • Offset 100% of the balance
  • Rates are based on your loan-to-value ratio
  • ≤60%LVR 5.99 % p.a. Interest rate
  • 6.06 % p.a.
    Comparison rate
Apply now Learn more

GumLeaf Basic Variable Rate Owner Occupied

The evergreen, no frills Basic GumLeaf Home Loan, built for value

  • New loans from $50,000 only
  • No annual fee
  • Rates are based on your loan-to-value ratio
  • ≤60% LVR 5.89 % p.a. Interest rate
  • 5.96 % p.a.
    Comparison rate
Apply now Learn more

Basic Variable Owner Occupied

A home loan that keeps things simple and saves you money

  • No Annual Fee
  • Free redraw facility
  • Minimum loan only $20,000
  • Variable 6.19 % p.a. Interest rate
  • 6.26 % p.a.
    Comparison rate
Apply now Learn more

Bridging Loan

A loan that allows you to purchase your new property before you sell your existing one

  • A bridge from your current home to your next one
  • Avoid renting between homes
  • Borrow up to 80% of the new home's value
  • Variable 7.90 % p.a. Interest rate
  • 7.98 % p.a.
    Comparison rate
Apply now Learn more

Not ready to apply but simply wish to make an enquiry?

Leave your details below and one of our consultants will be in touch.

 

 

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The Privacy Act requires us to tell you about how we collect and use your personal information before we collect it. We explain this in our Privacy Notification which is available here.

Why choose Australian Mutual Bank?

  • 100% Customer owned

    On becoming a member of our bank, you're not just a customer, you're an owner!

  • Ethical banking

    The benefit of our members, society, and the planet drives everything we do

  • Friendly service

    Our number one goal is to give you the best overall banking experience we can

  • Safe and secure

    Eligible deposits are protected by the Financial Claims Scheme

Footnotes:

  • 1 At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.
  • 2 This comparison rate is based on a $150,000 loan over a 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. All loan applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.
  • 3 Special Offer 3 Year Discounted Basic Variable Rate is applicable to loan applications received on or after the 25th October 2024 and is subject to change without notice. Not available in conjunction with any other offer. New money only with a minimum borrowing amount of $500,000 and a maximum LVR of 80%. The discounted rate is 0.50% below the Basic Variable Rate Home Loan Owner Occupied rate and will remain so for a 3 year period. At the end of the 3 year period, the rate reverts to the current offering of the Basic Variable Rate Home Loan Owner Occupied rate applicable at the time.
  • 4 Home loan information and interest rates are for new money loans only and are subject to change. Loan to Value Ratio (LVR) is the ratio or money you borrow compared to the value of the property used as security, as determined by the Bank. LVR value is determined at time of origination only.
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Australian Mutual Bank acknowledges the Traditional Owners and Custodians of the land where our office is located in Surry Hills, Sydney as the Gadigal people of the Eora Nation. We further acknowledge the Traditional Owners and Custodians of Country from where our members and employees reside.

We extend our deep respect to Elders, past and present, and emerging Community leaders for maintaining enduring connections that protect and care for Country for a sustainable future.

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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review Australian Mutual Bank Ltd Account and Access Facility Conditions of Use and Financial Services Guide before acquiring the product.

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