Estimate how much you could borrow. See how choosing fixed, variable or Interest Only can affect your repayments.
You can reduce the cost of Lenders Mortgage Insurance (LMI) to $1 if you’re an eligible first home buyer. You’ll need to contribute a minimum deposit of 15% of the property’s bank valuation to be eligible. And submit your home loan application either online, in-branch with our lending experts, or with your broker, who’ll chat about your eligibility and how best to tailor your loan.
Once your application’s been approved, the St.George team will apply this home loan offer by reducing your LMI to $1, which will be reflected in your Loan Offer Documents.
It’s important to keep in mind this offer can be withdrawn or varied at any time. You’ll find the rest of the offer details and eligibility criteria at the bottom of the page under ‘Important information’.
Learn about the different features of your home loan and see how they could affect you.
Credit criteria, fees and charges apply. Based on St.George credit criteria, residential lending is not available for Non-Australian resident borrowers.
Before making a decision, it’s best to read the terms and conditions:
^ First Home Buyer LMI Offer: Available for First Home Buyers who apply for their first home loan for their first property with loan to value ratio (LVR) up to 85% at time of formal approval. For joint applications, only one applicant must be a first home buyer. Owner Occupier Principal and Interest repayments only. Maximum loan size of $850k. Offer current as of 13 July 2020 and can be varied or withdrawn at any time. Only one property to be financed per application. Excludes Residential Investment Loans, Portfolio Loans, Constructions Loans, switches and refinances of home loans within the Westpac Group which includes St.George, Westpac, Bank of Melbourne, BankSA and RAMS. Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. Offer not available in conjunction with the Family Pledge option. Your application will be assessed and once approved, you will be charged LMI of $1.00. This will be reflected within the Loan Offer Documents. LMI subject to approval and you must adhere to LMI obligations during the loan agreement. This offer is not an LMI wavier. Lenders mortgage insurance (LMI) is issued to Westpac Banking Corporation ABN 33 007 457 141 (Westpac) and insurers St.George (it is not insurance you take out). This information does not take into account your personal circumstances. Terms, conditions and limitations apply.
+LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.
#Advantage Package apply. A $395 annual package fee applies and is payable from a St.George Complete Freedom transaction account. Before deciding to open a St.George Complete Freedom account, read the Terms & Conditions, and consider if the account’s right for you.