6.3 / 10

based on 25 reviews as rated by Mozo community

Homestar home loans

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.

Homestar is also an award winner, taking out three 2019 Mozo Experts Choice Awards for best Investor Home Loan, best Low Cost Home Loan and best Offset Home Loan. So whether you’re a first home buyer or a seasoned investor, you’ll find a stellar mortgage deal at Homestar.

What home loans do Homestar offer?

Rates and fees verified as correct at 29 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

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.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

2.99% p.a.

2.89% p.a.

$0.00

$512

2.79% p.a.

2.69% p.a.

$0.00

$512

2.79% p.a.

2.61% p.a.

$0.00

$512

2.59% p.a.

2.49% p.a.

$0.00

$512

2.06% p.a.

2.38% p.a.

$0.00

$495

2.99% p.a.

2.89% p.a.

$0.00

$512

3.19% p.a.

3.09% p.a.

$0.00

$512

2.79% p.a.

2.69% p.a.

$0.00

$512

2.99% p.a.

2.89% p.a.

$0.00

$512

2.89% p.a.

2.79% p.a.

$0.00

$512

2.26% p.a.

2.56% p.a.

$0.00

$512

Variable Rate Home Loans

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. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

2.39% p.a.

2.42% p.a.

$0.00

$0

2.49% p.a.

2.52% p.a.

$0.00

$515

2.29% p.a.

2.32% p.a.

$0.00

$515

2.29% p.a.

2.32% p.a.

$0.00

$512

2.59% p.a.

2.64% p.a.

$0.00

$512

2.79% p.a.

2.84% p.a.

$0.00

$512

2.59% p.a.

2.64% p.a.

$0.00

$512

3.04% p.a.

3.09% p.a.

$0.00

$512

3.24% p.a.

3.29% p.a.

$0.00

$512

2.69% p.a.

2.74% p.a.

$0.00

$512

2.89% p.a.

2.94% p.a.

$0.00

$512

2.39% p.a.

2.44% p.a.

$0.00

$512

2.69% p.a.

2.74% p.a.

$0.00

$512

2.49% p.a.

2.54% p.a.

$0.00

$512

2.59% p.a.

2.64% p.a.

$0.00

$512

2.29% p.a.

2.34% p.a.

$0.00

$512

2.79% p.a.

2.82% p.a.

$0.00

$512

2.59% p.a.

2.62% p.a.

$0.00

$512

2.79% p.a.

2.84% p.a.

$0.00

$512

2.99% p.a.

3.04% p.a.

$0.00

$512

2.59% p.a.

2.64% p.a.

$0.00

$512

2.79% p.a.

2.84% p.a.

$0.00

$512

3.39% p.a.

3.44% p.a.

$0.00

$512

3.59% p.a.

3.64% p.a.

$0.00

$512

3.14% p.a.

3.19% p.a.

$0.00

$512

3.34% p.a.

3.39% p.a.

$0.00

$512

2.69% p.a.

2.74% p.a.

$0.00

$512

2.89% p.a.

2.94% p.a.

$0.00

$512

2.49% p.a.

2.54% p.a.

$0.00

$512

2.69% p.a.

2.74% 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.

Homestar home loan features in a glance

Repayment Icon

Repayment flexibility

Get the timing right on your mortgage by choosing a monthly, fortnightly or weekly repayment schedule.

Repayment Icon

Extra 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.

Rate icon

Split 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 icon

Offset 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. 

How are Homestar home loans rated?

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.

Icon of home-loans
Homestar home loans
Overall
6.3/10
Price
Features
Customer service
Convenience
Trust

25 Reviews

Recent Homestar home loan reviews

Homestar Star Classic Home Loan review
Overall 1/10
Rude and incompetent customer service.

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 review

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.

Price
5/10
Features
4/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Samantha, Queensland reviewed 28 days ago
Homestar Star Classic Home Loan review
Overall 1/10
Disappointed at Homestar finance support.

Homestar finance is not as competitive as it used to be. I wish they would treat their existing customers as new ones.

Read full review

Homestar finance is not as competitive as it used to be. I wish they would treat their existing customers as new ones.

Price
4/10
Features
1/10
Customer service
1/10
Trust
1/10
Less
Kyan, Victoria reviewed about 2 months ago
Homestar Variable Rate Loan review
Overall 10/10
Best bang for your hard earned dollar.

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 review

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!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Robert, New South Wales reviewed 12 months ago
Homestar Variable Rate Loan review
Overall 8/10
Lowest mortgage rates - and can negotiate lower!

Homestar is fantastic for low rates. I have never seen better. The only downside is that being a non-bank lender, and perhaps to maintain their cheap rates, their internet banking interface is very basic, and there is no app. This took a bit to get used to, but that's a small adjustment for a great value product.

Read full review

Homestar is fantastic for low rates. I have never seen better. The only downside is that being a non-bank lender, and perhaps to maintain their cheap rates, their internet banking interface is very basic, and there is no app. This took a bit to get used to, but that's a small adjustment for a great value product.

Price
10/10
Features
7/10
Customer service
7/10
Convenience
5/10
Trust
7/10
Less
Rebecca, Western Australia reviewed about 1 year ago
Homestar Variable Rate Loan review
Overall 10/10
Low rate and excellent service

I was referred to by a friend who refinanced her loan with Homestar. I didn’t know too much about them but I experienced excellent service from their Sales specialist who walked me through the application process without the hard sell. They answered all the questions I had and were able to assist with explaining any concerns I had since this was my first purchase. Their current internet banking is a bit outdated, but I was told that it would be updated in the next few months, which is something important to me because I like to see where my finances are at anytime. Lastly, I’m happy with my rate and the fact that they passed on the recent RBA cut was music to my ears. Thanks for your support Homestar and I hope this level of service continues!

Read full review

I was referred to by a friend who refinanced her loan with Homestar. I didn’t know too much about them but I experienced excellent service from their Sales specialist who walked me through the application process without the hard sell. They answered all the questions I had and were able to assist with explaining any concerns I had since this was my first purchase. Their current internet banking is a bit outdated, but I was told that it would be updated in the next few months, which is something important to me because I like to see where my finances are at anytime. Lastly, I’m happy with my rate and the fact that they passed on the recent RBA cut was music to my ears. Thanks for your support Homestar and I hope this level of service continues!

Price
10/10
Features
10/10
Customer service
9/10
Convenience
7/10
Trust
10/10
Less
Kimberley, New South Wales reviewed about 1 year ago

What do you need to apply for a Homestar home loan?

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:

  • Your income
  • Current debts and loans
  • Available credit limits (e.g. from credit cards)
  • How much you would like to borrow

Home loan quick links