At Credit Union SA we understand how hard it can be for first home buyers to get into the property market.

That’s why, in addition to our very competitive home loan rates, we’re offering a $5,000 First Home Buyers Grant when you borrow at least $250,000 to purchase or build a first home with a loan to value ratio over 80%.

All loans that are eligible for the First Home Buyers Grant will be subject to pay Lenders’ Mortgage Insurance.

From one South Australian to another it’s a step to help you get a foot in the door.

Helpful info

How do I receive the grant?

There are two ways you can choose to receive your grant from Credit Union SA:

  1. Have it paid into an account of your choice after settlement. Please note the grant cannot be accessed prior to settlement for new complete or established homes. If you are constructing, the grant will be paid on confirmation that the foundation has been poured.
  2. Choose to have it applied directly towards the settlement of your property purchase, or when constructing, the grant is paid when the foundation is poured.
We understand that the journey to home ownership is exciting, but it can also be a little daunting the first time around. Read on to learn about some of the key considerations and milestones you'll complete as you achieve your goal of home ownership.

Where to start

So you’ve decided to buy your first home, but don’t know where to start? Credit Union SA is here to help you sort through all of the red tape and nonsensical banking language.

Helpful info

My home, my way – Andrew

My home, my way – Kate

Meet First Home Buyer Ellie-May

Meet First Home Buyers Nathan and Larissa

Learn more

Available where the loan to value ratio is 97% or less, including capitalised LMI, for owner occupied or investment loans

Lending criteria, fees and conditions apply. Offer is current as at 23/04/2018 and is subject to change. To be eligible, applicants must not have previously owned residential property in Australia. Available to natural persons only (i.e. not a trustee or a company).

The target market for this product can be found within the product’s Target Market Determination (TMD), available at