Yes, CommBank offers a range of mortgage products that can be used to finance the purchase of your first home. These mortgage products can be tailored to your individual needs and financial circumstances, and may include features such as fixed or variable interest rates, flexible repayment options, and loan terms of up to 30 years.
To apply for a first home buyer mortgage with CommBank, you’ll typically need to meet certain eligibility requirements, such as being an Australian citizen or permanent resident, having a good credit history, and having a deposit of at least 5% of the purchase price. You may also be required to provide additional documentation, such as proof of income and employment.
CommBank offers a range of tools and resources to help first home buyers navigate the home buying process, including a home buying guide, a mortgage calculator, and access to home loan specialists who can provide advice and support throughout the application process.
It’s important to note that buying a home is a significant financial commitment, and it’s essential to carefully consider your budget and financial goals before applying for a mortgage. It’s also a good idea to shop around and compare mortgage products from different lenders to ensure you find the best product to suit your needs.