Homestar home loans

Homestar
Homestar's overall rating for home loans

(as rated by the Mozo community)

6.3 / 10

based on 19 reviews

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 18 January, 2019. Other information correct at the time of writing.

What home loans do Homestar offer?

Fixed Rate Home Loans 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 ‡

4.29% p.a.

4.24% p.a.

$0.00

$567

4.49% p.a.

4.32% p.a.

$0.00

$567

4.14% p.a.

4.00% p.a.

$0.00

$567

4.34% p.a.

4.13% p.a.

$0.00

$567

4.34% p.a.

4.09% p.a.

$0.00

$567

4.14% p.a.

3.89% p.a.

$0.00

$567

4.09% p.a.

3.84% p.a.

$0.00

$567

3.89% p.a.

3.64% p.a.

$0.00

$567

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Variable Rate Home Loans 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 ‡

4.15% p.a.

4.20% p.a.

$0.00

$567

4.24% p.a.

4.29% p.a.

$0.00

$567

3.89% p.a.

3.94% p.a.

$0.00

$567

4.09% p.a.

4.14% p.a.

$0.00

$567

3.79% p.a.

3.84% p.a.

$0.00

$567

3.99% p.a.

4.04% p.a.

$0.00

$567

3.74% p.a.

3.79% p.a.

$0.00

$567

3.54% p.a.

3.59% p.a.

$0.00

$567

4.29% p.a.

4.34% p.a.

$0.00

$567

4.49% p.a.

4.54% p.a.

$0.00

$567

4.14% p.a.

4.19% p.a.

$0.00

$567

4.34% p.a.

4.39% p.a.

$0.00

$567

4.04% p.a.

4.09% p.a.

$0.00

$567

4.24% p.a.

4.29% p.a.

$0.00

$567

3.79% p.a.

3.84% p.a.

$0.00

$567

3.99% p.a.

4.04% p.a.

$0.00

$567

4.15% p.a.

4.20% p.a.

$0.00

$567

4.19% p.a.

4.24% p.a.

$0.00

$567

3.89% p.a.

3.94% p.a.

$0.00

$567

3.99% p.a.

4.04% p.a.

$0.00

$567

3.94% p.a.

3.99% p.a.

$0.00

$567

3.74% p.a.

3.79% p.a.

$0.00

$567

3.69% p.a.

3.74% p.a.

$0.00

$567

3.49% p.a.

3.53% p.a.

$0.00

$567

Hide

*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 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. 

How are Homestar home loans rated?

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.

Homestar home loans

Overall 6.3

Price

Features

Customer service

Convenience

Trust

19 Reviews

Recent Homestar home loan reviews Recent Homestar home loan reviews

Homestar

Homestar home loan review

Overall rating   6 / 10

Competitive loans, process too long, good staff

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...

Full review

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.

    Price   6 / 10

    Features   5 / 10

    Customer service   4 / 10

    Convenience   4 / 10

    Trust   8 / 10

Less

Jonathan, Victoria, reviewed about 3 years ago

Homestar

Homestar home loan review

Overall rating   1 / 10

Terrible customer service

Terrible customer service. Treated their customers like criminals. They don't seem to want or work hard to get your business. They believe you need them and not the other way. Would not recommend or go near these people

Full review

Terrible customer service. Treated their customers like criminals. They don't seem to want or work hard to get your business. They believe you need them and not the other way. Would not recommend or go near these people

    Price   9 / 10

    Features   6 / 10

    Customer service   0 / 10

    Convenience   4 / 10

    Trust   0 / 10

Less

Odgen, New South Wales, reviewed over 3 years ago

Reply from Homestar

Dear Odgen

We take customer service very seriously at Homestar Finance and we are apologetic that our customer service did not meet your expectations. Feel free to contact us at 1300 182 600 and we will gladly look into the matter at hand.

Regards,
Homestar

Homestar

Homestar home loan review

Overall rating   0 / 10

Very Bad Customer Service

FALSE and MISLEADING mortgage rates on the Advantage home loan. The rate on their website is not what existing customers will be paying. BE CAUTIOUS PEOPLE !!

Full review

FALSE and MISLEADING mortgage rates on the Advantage home loan. The rate on their website is not what existing customers will be paying. BE CAUTIOUS PEOPLE !!

    Price   0 / 10

    Features   5 / 10

    Customer service   0 / 10

    Convenience   5 / 10

    Trust   0 / 10

Less

John, Victoria, reviewed over 6 years ago

Homestar

Homestar Variable Rate Loan (LVR<70%, Owner Occupier, Principal & Interest) home loan review

Overall rating   3 / 10

Con merchants

Their advertised rate is just to suck you in. My actual rate is 0.5% higher. The real rate is always higher. They are dishonest lenders. Go elsewhere!

Full review

Their advertised rate is just to suck you in. My actual rate is 0.5% higher. The real rate is always higher. They are dishonest lenders. Go elsewhere!

    Price   5 / 10

    Features   7 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   3 / 10

Less

Bruce, Queensland, reviewed over 6 years ago

Homestar

Homestar home loan review

Overall rating   2 / 10

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.

Full review

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.

    Price   5 / 10

    Features   3 / 10

    Customer service   3 / 10

    Convenience   2 / 10

    Trust   1 / 10

Less

John, New South Wales, reviewed about 7 years ago

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

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