Rates and fees verified as correct at 26 January, 2021. Other information correct at the time of writing. Advertiser disclosure.
Opt for a fixed rate home loan from Homestar, and you’ll be able to get your hands on anywhere from $150,000 to $1,000,000, up to 90% of the value of the property you’re buying. Make sure you leave room in your budget for the valuation and legal fees. But what makes up for these fees is the great range of flexible features on offer, like fee-free extra repayments up to $20,000 p.a. and the use of the 100% offset account. To tailor your loan to your needs, you can choose between a weekly, fortnightly or monthly repayment schedule, and you can also split your mortgage between a fixed and variable rate to get the best of both worlds.
Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments ‡ |
---|---|---|---|---|---|
1.95% p.a. | 2.35% p.a. | $0.00 | $515 | ||
2.79% p.a. | 2.69% p.a. | $0.00 | $515 | ||
2.99% p.a. | 2.89% p.a. | $0.00 | $515 | ||
2.79% p.a. | 2.61% p.a. | $0.00 | $515 | ||
2.44% p.a. | 2.32% p.a. | $395.00 yearly | $515 | ||
3.19% p.a. | 3.09% p.a. | $0.00 | $515 | ||
2.99% p.a. | 2.89% p.a. | $0.00 | $515 | ||
2.79% p.a. | 2.69% p.a. | $0.00 | $515 | ||
2.99% p.a. | 2.89% p.a. | $0.00 | $515 | ||
2.89% p.a. | 3.21% p.a. | $395.00 yearly | $515 | ||
2.64% p.a. | 3.08% p.a. | $395.00 yearly | $515 |
There are a couple of different variable rate mortgage options available from Homestar, which all come with legal and valuation fees - but the good news is no application fees apply. With the variable rate offers you'll enjoy some great features like unlimited free extra repayments and free online redraws to help you pay off your mortgage faster. Plus, you'll also gain access to a full offset account to help keep interest costs low.
Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments ‡ |
---|---|---|---|---|---|
2.24% p.a. | 2.29% p.a. | $0.00 | $515 | ||
2.49% p.a. | 2.54% p.a. | $0.00 | $515 | ||
2.14% p.a. | 2.19% p.a. | $0.00 | $515 | ||
1.79% p.a. | 1.84% p.a. | $0.00 | $512 | ||
2.64% p.a. | 2.69% p.a. | $0.00 | $512 | ||
2.64% p.a. | 2.69% p.a. | $0.00 | $512 | ||
2.44% p.a. | 2.49% p.a. | $0.00 | $512 | ||
2.14% p.a. | 2.19% p.a. | $0.00 | $512 | ||
2.44% p.a. | 2.49% p.a. | $0.00 | $512 | ||
2.14% p.a. | 2.19% p.a. | $0.00 | $512 | ||
2.64% p.a. | 2.67% p.a. | $0.00 | $515 | ||
2.44% p.a. | 2.47% p.a. | $0.00 | $515 | ||
2.64% p.a. | 2.69% p.a. | $0.00 | $512 | ||
2.44% p.a. | 2.49% p.a. | $0.00 | $512 | ||
2.64% p.a. | 2.69% p.a. | $0.00 | $512 | ||
2.44% p.a. | 2.49% p.a. | $0.00 | $512 |
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.
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
Get the timing right on your mortgage by choosing a monthly, fortnightly or weekly repayment schedule.
Pay off your Homestar mortgage sooner by making fee-free extra repayments. Just remember that while these additional repayments are unlimited on variable rate options, they’ll be capped at $20,000 p.a. for fixed rate home loans.
Can’t decide between the certainty of a fixed rate and the flexibility of a variable one? Why not split your Homestar home loan and have both?
Opt for a Variable Rate Loan from Homestar, and you'll get full use of a 100% offset account to help keep your mortgage as affordable as possible.
Mozo users have rated Homestar home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
27 Reviews
I have been with Homestar about 2 years now and have found them to have a competative rate who pass on most of the RBA cuts. There online banking is a bit basic but gets the job done. I would recommend them to anyone who needs a great rate!
Read full reviewI have been with Homestar about 2 years now and have found them to have a competative rate who pass on most of the RBA cuts. There online banking is a bit basic but gets the job done. I would recommend them to anyone who needs a great rate!
I've only been a customer for 18 months but already my rate is higher than the one they offer new customers. Its no introductory offer its just once you sign up your individual variable rate is put up above what they offer. I've contacted the bank but no response. Regretful decision changing to the them.
Read full reviewI've only been a customer for 18 months but already my rate is higher than the one they offer new customers. Its no introductory offer its just once you sign up your individual variable rate is put up above what they offer. I've contacted the bank but no response. Regretful decision changing to the them.
I applied for a home loan through Homestar based on their reviews on customer service. I had nothing but the worst customer service experience. I was called dyslexic and asked to have my "boyfriend" pay part of the settlement figures even though my loan would cover it. I applied for a loan for a land and home build. I required an extension on financing as Homestar informed me that a loan for a build would take longer. An extension was granted based on how long Homestar told me they needed. I called three days before financing was due to ensure everything was on track. I was told it was. Come the day of financing, I was told they needed one more day as my expenses were over by $80 per month. This was despite the fact I had pre-approval based on the expenses (-$80 a month) and had since had a $2500 a year pay rise. I was also told that the evaluation was delayed as they wrote the wrong address. There was never an apology. I asked for an extension and it was refused. All my hard work to get this home was gone. Luckily the builder managed to get the land seller to change their mind. The day before settlement, the amount for settlement came through and Homestar were going to contribute a lot less than what I expected. I had paid 5% to the builder but they did not take this into account. When I asked them to explain the amount they were paying towards settling the land I was told "I can't believe you would ask me that question, you should know the terms of your loan" and "there's no way you will settle tomorrow if you make changes". The change was very easy and straightforward in the end. I hope that I can eventually be proven wrong and they can improve their customer service. I would hate for anyone else to be spoken to and treated the way I was. I am not usually one to complain but I have had no luck solving this with Homestar.
Read full reviewI applied for a home loan through Homestar based on their reviews on customer service. I had nothing but the worst customer service experience. I was called dyslexic and asked to have my "boyfriend" pay part of the settlement figures even though my loan would cover it. I applied for a loan for a land and home build. I required an extension on financing as Homestar informed me that a loan for a build would take longer. An extension was granted based on how long Homestar told me they needed. I called three days before financing was due to ensure everything was on track. I was told it was. Come the day of financing, I was told they needed one more day as my expenses were over by $80 per month. This was despite the fact I had pre-approval based on the expenses (-$80 a month) and had since had a $2500 a year pay rise. I was also told that the evaluation was delayed as they wrote the wrong address. There was never an apology. I asked for an extension and it was refused. All my hard work to get this home was gone. Luckily the builder managed to get the land seller to change their mind. The day before settlement, the amount for settlement came through and Homestar were going to contribute a lot less than what I expected. I had paid 5% to the builder but they did not take this into account. When I asked them to explain the amount they were paying towards settling the land I was told "I can't believe you would ask me that question, you should know the terms of your loan" and "there's no way you will settle tomorrow if you make changes". The change was very easy and straightforward in the end. I hope that I can eventually be proven wrong and they can improve their customer service. I would hate for anyone else to be spoken to and treated the way I was. I am not usually one to complain but I have had no luck solving this with Homestar.
Homestar finance is not as competitive as it used to be. I wish they would treat their existing customers as new ones.
Read full reviewHomestar finance is not as competitive as it used to be. I wish they would treat their existing customers as new ones.
Did my research, Homestar are the cheapest loan provider. Made the admin process as easy as possible. I never write a review but when I am this impressed with the overall benefit to me and bang for my buck, I think people should know!
Read full reviewDid my research, Homestar are the cheapest loan provider. Made the admin process as easy as possible. I never write a review but when I am this impressed with the overall benefit to me and bang for my buck, I think people should know!
If you’ve decided a Homestar home loan is the one for you, then it's time to pick up the phone. There are no brick and mortar branches to visit and no online application, so over the phone it is. Either you can give them a call, or enquire online and have them call you back.
Before you dial, make sure you have a few details handy, including: