UNITY BANK
First Home Buyer Loan - Owner Occupied - SO
UNITY BANK · residential mortgages
Provider last updated this product 2026-09-30.
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You'll complete your application on
UNITY BANK's website. Confirm the rate and fees with them
before applying.
Our fully featured home loan for first home buyers.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 5.90% | 5.95% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Comparison rate based on $150,000 loan 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. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| LOAN_SWITCH_FEE | EVENT | $200 | A fee charged to switch your loan account from one type to another |
| VALUATION_FEE | UPFRONT | - | A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased |
| TITLE_SEARCH_FEE | UPFRONT | - | A third party cost for a Title Search to determine any interests in a property |
| REGISTRATION_FEES | UPFRONT | - | A third party cost for registration of mortgage |
| STAMP_DUTY_(MORTGAGE) | UPFRONT | - | The tax charged on written documents and certain transactions imposed by the state government, such as mortgages and property transfers |
| PEXA_SERVICE_FEE | UPFRONT | $0 | A fee charged to cover third party costs associated with the establishment of your mortgage |
| LENDERS_MORTGAGE_INSURANCE | UPFRONT | $0 | Third party cost for insurance that protects the lender in the event that the borrower defaults on their home or investment loan |
| MORTGAGE_ADMINISTRATION_FEE | EVENT | $150 | A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan |
| CONSENT_FEE | EVENT | $300 | A fee charged for consent to subdivide, substitute, lease, cross-collateralise or any other matter where we need to reassess the loan in any way |
| MORTGAGE_DISCHARGE_FEE | EXIT | $300 | A fee charged if you repay your loan and request us to discharge your mortgage, includes our costs and is in addition to any costs incurred by us from external parties |
| MORTGAGE_DISCHARGE_-_REGISTRATION_FEE | EXIT | $0 | A fee charged to cover third party costs associated with the discharge of your mortgage |
| MORTGAGE_DISCHARGE_-_PEXA_SERVICE_FEE | EXIT | - | A fee charged to cover third party costs associated with the discharge of your mortgage |
| LATE_PAYMENT_FEE | EVENT | $15 | A fee charged when you don't make your minimum monthly payment, plus any overdue amount |
| DEFAULT_NOTICE_FEE | EVENT | $50 | A fee charged if you default on your repayments and we issue a default notice |
| SECURITY_GUARANTOR_FEE | UPFRONT | $200 | Payable if a guarantor is listed on the loan schedule. |
| LOAN_ESTABLISHMENT_FEE_-_MORTGAGE_LOAN_(TOP_UP) | UPFRONT | $200 | A fee charged to vary the value of an existing home loan |
| LOAN_ESTABLISHMENT_FEE_-_SECOND_MORTGAGE_LOAN_(TOP_UP) | UPFRONT | $200 | A fee charged for consent to a subsequent mortgage to vary the value of an existing home loan |
| RE-DOCUMENTATION_FEE | EVENT | $250 | A fee charged if you request to make a change such as include a Fixed Rate Lock fee after your Loan Offer & Contract documentation has been provided, but prior to loan settlement. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 5.90% | 5.95% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- 30 years or 40 years when at least one applicant is aged 30 years or less
- You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.
- Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate.
- Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.
- Lenders Mortgage Insurance will be required if you borrow over 80% of the value of your home (or borrow an additional amount on your existing mortgage that brings the overall loan amount over 80% LVR). LMI is a one-off cost added to the total loan amount and is not a bank fee or an establishment fee.
- Flexible repayment options weekly, fortnightly or monthly
- A guarantor supports the loan by providing us with an additional security such as their home. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require.
- This loan can be used for the purposes of owner occupied property or vacant land (non-commercial), off the plan purchases and building/construction purposes.
- Valuation fee waived up to $1,000
- No establishment fee is charged
Who can apply
- natural person
- min age - 18Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older
- employment status - Employed
- residency status - Permanent ResidentYou must be an Australian citizen or permanent resident to apply
- otherApplications for credit are subject to the Bank s eligibility and suitability criteria and normal credit approval process.
- otherPurchase or refinance for First Home Buyer Owner Occupiers only
Limits
- opening balance - 0.00
- max balance - 5000000.00
- max lvr - 0.95Maximum LVR for this product is 95% with LMI
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-30T10:26:59.000+10:00 · Product ID: L31_FHBL_OCC_PRIN