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First Home Buyers

Where to start when buying your first home

Credit Union SA is here to help you sort through all of the red tape and nonsensical banking language. With our help you’ll be fully informed and attending open inspections in no time.

Set your budget

One of the most important things you’ll need when buying your first house is a healthy deposit, and for most people that means saving. One of the best things you can do to maximise the amount of money you can save is work out a budget.

Our Budget Planner calculator can help you determine how much you can afford to save each month, without sacrificing your lifestyle. Because who wants to buy a house if you have to stop living your life to do it?

You may also want to consider placing your savings into a high-interest savings account or Term Deposit to make sure your savings are working for you.

Budget Planner calculator Savings Account Term Deposit

What are your goals?

Now is a good time to have a think about what kind of house you can afford, and how long it will take you to save up your deposit. Our Repayment calculator will let you work out how much you can afford to borrow, and what your repayments will be. Make sure you work within your means; as a rough guide your repayments shouldn’t be more than around 30% of your after tax income.

Repayment calculator

Getting organised

Once you have a good understanding of your costs and borrowing potential it’s time to have a chat with one of our home loan specialists. You can call us or organise for a Mobile Lending Manager to come and see you. Make sure you write down any questions, no matter how silly they may seem, to ask our home loan specialists.

We’re here to support you through one of the biggest decisions you’ll make, and the more informed and confident you are the smoother everything else will be.

Mobile Lending Manager

This is general advice only and doesn’t take into account your objectives, financial situation or needs. Conditions, fees and lending criteria apply and are available on request.