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The “Home Grown Deal” is available to customers building or buying eligible McDonald Jones and Mojo Homes properties in the Hunter Region, with the offers available through the broker channel.
Under the partnership, customers building a new McDonald Jones or Mojo Home in Newcastle, the Hunter Valley, Lake Macquarie, or Port Stephens can now access a 0.05 per cent variable rate discount on Newcastle Permanent construction loans.
Existing McDonald Jones or Mojo home owners in the Hunter looking to refinance are eligible for either a 0.05 per cent variable rate discount or 0.10 per cent fixed rate discount, alongside a $595 waiver on Real Deal loans and up to $3,000 cashback.
The same refinance offer is also available to customers purchasing a completed home through Complete by McDonald Jones, whether for owner-occupier or investment purposes.
Newcastle Greater Mutual Group chief customer and digital innovation officer James Cudmore said the partnership reflected the longstanding presence of both organisations in the Hunter Region.
“Newcastle Permanent and McDonald Jones Homes have both been part of the Hunter’s story for decades, so coming together like this makes sense,” Cudmore said.
“We’ve each played a role in helping local people build their futures, and by combining our strengths we’re making it easier for more families to build a home in the region they love.”
McDonald Jones CEO Rob Douglas said the partnership would provide customers with a more compelling finance offering.
“Working together through The Home Grown Deal will help more Novocastrians buy their dream home,” Douglas said.
The offer is available to eligible customers financing their build with a Newcastle Permanent construction loan or refinancing eligible loans linked to McDonald Jones and Mojo Homes properties in the Hunter Region. Terms, conditions, fees, charges, and lending criteria apply.
[Related: Newcastle Permanent turnaround times blow out amid surge in volumes]
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