Mozo Editor's Choice: Top-rated home loans 2022

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If you’ve spent some time researching home loans lately, you’ll no doubt be aware that it can be a time-consuming and sometimes downright confusing task. With over 500 home loans from 80 plus lenders in the Mozo comparison database, you’d need more than a coffee break to research them all.

This is where the Mozo money experts come in.  Our editorial team spends many hours each week researching and reviewing home loans, keeping product details up to date and publishing star ratings.

Mozo’s Editorial Star Ratings are a score out of 5 stars arrived at after careful consideration of a product’s rates, fees and features when compared with other products that offer similar features.

A score of 5 stars from our editorial reviewers indicates that a particular home loan offers a best in class blend of great value and features.

Here, our Editors have collated a selection of 5 star rated home loans on Mozo right now, as reviewed by our experienced writers, in order to bring you a list of top home loans that you can actually peruse in the time it takes to drink a coffee.

Mozo Editor's Choice 5 Star Home Loans 2022 - Smart Booster Home Loan
  • 1.85% discounted variable rate for 2 years
  • Rolls over to low ongoing 2.25% (2.21% comparison rate*)

  • Optional offset account for 0.10%
Find out more

Why we like it:

With no ongoing fees and some of the sharpest variable rates around, the Smart Booster Home Loan from popular online lender could help you save thousands. Besides the low rates, you'll enjoy plenty of flexible features, like free extra repayments, free redraws, the option to split your loan up to five times and an optional offset account for 0.10%. It's available to borrowers with a 20% deposit for loans of up to $1 million. Read the full review

Where do I get it? Head over to to find out more >>

UBank - UHomeLoan Discount Offer
  • 2.09% p.a. variable and comparison rate*
  • No application, ongoing or other hidden fees
  • Free extra repayments and redraw
Find out more

Why we like it:

The UBank UHomeLoan is a multiple award winner, and with such great value on offer it's not hard to see why. Being an online bank, UBank is able to offer low rates and get rid of hidden costs such as application and ongoing fees. It's available for loans of $200,000 or more with a minimum deposit of 20%, and the online application process is fast and simple. You'll also have the security of knowing that UBank is backed by NAB. Read the full review

Where do I get it? Head over to UBank to find out more >>

Macquarie - Offset Home Loan
  • Variable rates from just 2.14% (2.42% comparison rate*) - minimum 40% deposit
  • 100% offset account, redraw facility and extra repayments
  • No upfront fees

Why we like it:

This competitive packaged home loan from Macquarie has all the bells and whistles you'd expect of Australia's fifth largest lender, including 100% offset (up to 10 free offset accounts per loan account), free extra repayments and online redraws, a split loan option and even repayment holidays for those times in life when you need to hit pause. There's a $248 annual package fee but no upfront fees to worry about. Read the full review

Where do I get it? Head over to Macquarie to find out more >>

Athena - Celebrate Variable Home Loan
  • New 1.89% variable and comparison rate*
  • Free extra repayments and redraw
  • Zero Athena fees
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Why we like it:

The Athena Celebrate Home Loan is one of the best value home loans to hit the market for borrowers with at least 40% deposit or equity. This mortgage features a killer variable rate that stays great from start to finish and zero upfront or ongoing fees. On top of that, to reward borrowers for paying down their home loan, Athena will now automatically lower your rate as you pay down your loan. Available to home buyers and refinancers buying an established property in a capital or major regional city. Read the full review

Where do I get it? Head over to Athena to find out more >>

86 400 - Neat Home Loan
  • Variable rates from just 1.89% (1.90% comparison rate*) - min 40% deposit
  • No Lenders Mortgage Insurance for borrowers with 15% deposit / equity
  • Fast and paperless online application process
Find out more

Why we like it:

Australia's first Smart Bank 86 400 has ticked a lot of boxes with a low rate, low fee digital home loan for borrowers looking to keep their costs to a minimum. The Neat Home Loan rewards borrowers with lower loan-to-value-ratios (LVRs) with its most competitive rates, while also being light on fees. There's a $250 settlement fee but no application fees or ongoing fees. Features include free extra repayments and redraw, and repayments can be made weekly, fortnightly or monthly. Read the full review

Where do I get it? Head over to 86 400 to find out more>>

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Want to compare more home loans? View the latest mortgage rates from over 80 lenders at Mozo's home loan comparison hub.

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.