Sharper rates, broader policy: our biggest update yet is live

We’ve rolled out one of our most significant home loan policy and pricing updates to date, sharpening rates and removing common roadblocks so brokers can get more deals across the line.

Effective immediately, the update introduces sharper pricing alongside meaningful policy changes designed to give brokers more ways to support a wider range of clients and place more business with First Federal.

What’s changed

• Rates from 6.59% with sharper pricing across the board (comparison rate 6.64%)
• PAYG clients welcome from day one in their current role
• Self-employed clients accepted with just one year’s tax return, not two
• All income now accepted, including allowances, overtime, bonuses and commissions
• Up to 90% of rental income accepted
• LVRs up to 90% with no minimum credit score required
• Unlimited cash out at up to 80% LVR, including complex refinance and debt consolidation
• Broader borrower eligibility, with both applicants on temporary visas now accepted
• Units from 35sqm now accepted

Built around what brokers asked for

First Federal CEO James Angus said the update reflects what brokers have been asking for.

“This is one of the most exciting updates we’ve made. We have listened to what brokers need and built a policy that gives them more room to work with. Sharper pricing, broader eligibility, and simpler income requirements. It means brokers can help more of their clients and get more deals across the line.”

James added that the update is part of a bigger shift in how First Federal supports brokers.

“We built First Federal around the idea that getting a home loan across the line shouldn’t be the hardest part of a broker’s day. A team that picks up the phone, a credit process that makes sense, fast turnaround times, no clawbacks and a lender that genuinely wants to find a way, that’s what Australia’s Easiest Home Loan™ looks like in practice.”

Got a scenario? Let’s chat

Submit a scenario or learn more by contacting your First Federal BDM or calling the Broker Scenario Hotline on 1800 178 111.