Homestar Finance is a non-bank lender which has been lending to thousands of Aussies since 2004. As an online lender, Homestar doesn’t have branches, which means lower overhead costs. Those savings are then passed onto borrowers, in the form of competitive rates and flexible loan options.
So whether you’re a first home buyer or a seasoned investor, you’ll find a stellar mortgage deal at Homestar.
Rates and fees verified as correct at 22 April, 2018. Other information correct at the time of writing.
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 ‡ |
|---|---|---|---|---|---|
| 4.29% p.a. | 4.05% p.a. | $0.00 | $633 | ||
| 4.49% p.a. | 4.25% p.a. | $0.00 | $633 | ||
| 4.14% p.a. | 3.90% p.a. | $0.00 | $633 | ||
| 4.34% p.a. | 4.10% p.a. | $0.00 | $633 | ||
| 4.34% p.a. | 4.10% p.a. | $0.00 | $633 | ||
| 4.14% p.a. | 3.90% p.a. | $0.00 | $633 | ||
| 4.09% p.a. | 3.85% p.a. | $0.00 | $633 | ||
| 3.89% p.a. | 3.65% p.a. | $0.00 | $633 |
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 ‡ |
|---|---|---|---|---|---|
| 3.94% p.a. | 3.99% p.a. | $0.00 | $633 | ||
| 4.14% p.a. | 4.19% p.a. | $0.00 | $633 | ||
| 3.79% p.a. | 3.83% p.a. | $0.00 | $633 | ||
| 3.99% p.a. | 4.04% p.a. | $0.00 | $633 | ||
| 3.79% p.a. | 3.84% p.a. | $0.00 | $633 | ||
| 3.99% p.a. | 4.04% p.a. | $0.00 | $633 | ||
| 3.74% p.a. | 3.79% p.a. | $0.00 | $633 | ||
| 3.54% p.a. | 3.59% p.a. | $0.00 | $633 | ||
| 4.19% p.a. | 4.24% p.a. | $0.00 | $633 | ||
| 4.39% p.a. | 4.44% p.a. | $0.00 | $633 | ||
| 4.04% p.a. | 4.09% p.a. | $0.00 | $633 | ||
| 4.24% p.a. | 4.29% p.a. | $0.00 | $633 | ||
| 4.04% p.a. | 4.09% p.a. | $0.00 | $633 | ||
| 4.24% p.a. | 4.29% p.a. | $0.00 | $633 | ||
| 3.79% p.a. | 3.84% p.a. | $0.00 | $633 | ||
| 3.99% p.a. | 4.04% p.a. | $0.00 | $633 | ||
| 3.89% p.a. | 3.94% p.a. | $0.00 | $633 | ||
| 4.09% p.a. | 4.14% p.a. | $0.00 | $633 | ||
| 3.74% p.a. | 3.76% p.a. | $0.00 | $303 | ||
| 3.94% p.a. | 3.99% p.a. | $0.00 | $633 | ||
| 3.94% p.a. | 3.99% p.a. | $0.00 | $633 | ||
| 3.74% p.a. | 3.79% p.a. | $0.00 | $633 | ||
| 3.69% p.a. | 3.74% p.a. | $0.00 | $633 | ||
| 3.49% p.a. | 3.53% p.a. | $0.00 | $633 |
‡ 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.
| Repayment flexibilityRepayment flexibility | Get the timing right on your mortgage by choosing a monthly, fortnightly or weekly repayment schedule. |
| Extra repaymentsExtra repayments | 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. |
| Split rate optionSplit rate option | 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? |
| Offset accountOffset account | 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. |
So there’s all the facts and figures you need to know about a Homestar home loan. Now for a more personal approach, visit our customer review section and find out if current borrowers would award Homestar a gold star for things like customer service, trust and convenience.
* Overall rating based on reviews in the past 12 months.
I switched from ING to Homestar in 2012. I've topped up home loans, then sold my house and re-applied for a new loan with Homestar in that time. The front line staff are really very good: personable, one-on-one service and you're dealing with...
I switched from ING to Homestar in 2012. I've topped up home loans, then sold my house and re-applied for a new loan with Homestar in that time. The front line staff are really very good: personable, one-on-one service and you're dealing with people not 'the machine'. This side of their business is an asset. However, their processes have taken several weeks at times – one re-finance was seven weeks from start to finish –and this obviously plays against them. My last application was a little speedier but the process for submitting paperwork was very sketchy and I often needed to send it 2 or 3 times. However: the bottom line is their pricing when it comes to interest rates is pretty competitive: we have a low fixed rate, and a variable split (which is good right now) that we can fix if need be.
Jonathan (VIC), reviewed over 2 years ago
The interest rate on their website is for NEW loans only. When interest rates drop they DO NOT PASS ON THE WHOLE cut. The interest rate for existing mortgage holders is actually higher than is quoted on the site.
The interest rate on their website is for NEW loans only. When interest rates drop they DO NOT PASS ON THE WHOLE cut. The interest rate for existing mortgage holders is actually higher than is quoted on the site.
John (NSW), reviewed over 6 years ago
Our home loan application was handled quickly, professionally in a friendly manner. Also Homestar was competiive with the other home loan company we were considering. We were kept up to date and in the loop with all the dealings between the...
Our home loan application was handled quickly, professionally in a friendly manner. Also Homestar was competiive with the other home loan company we were considering. We were kept up to date and in the loop with all the dealings between the builder, settlement agent and Homestar. I never had to chase them up. Very happy with the service we have received!
Michelle (WA), reviewed over 6 years ago
Excellent personal service and there are plenty of options to choose and assistance in getting the application into a first time lodgement.
Excellent personal service and there are plenty of options to choose and assistance in getting the application into a first time lodgement.
Anthony (VIC), reviewed over 6 years ago
Are you guys crazy? Do you even check the Variable rate you pay on your Homestar loans compared to the advertised rate on their Website?? The positive reviews below all from Feb/Mar11 must be from a Homestar employee... These guys are not to be...
Are you guys crazy? Do you even check the Variable rate you pay on your Homestar loans compared to the advertised rate on their Website?? The positive reviews below all from Feb/Mar11 must be from a Homestar employee... These guys are not to be trusted.
Marc (NSW), reviewed almost 7 years ago
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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:
