Homestar Finance
Homestar Finance was established in 2004 and has an alliance with Origin Mortgage Management Services (Origin MMS). Homestar Finance home loans are backed by Australian and international mortgage funders.
Homestar Finance offers a limited range of home loans, including owner-occupier loans, investor loans and refinancing loans.
Homestar Finance is an online-only home lender, so it doesn’t have any branches or stores. However, it does offer access to a national network of loan specialists via the internet and over the phone.
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Homestar Finance home loan repayment calculator
Your estimated repayments
at interest rate 1.79 %
Total interest payable
$0
Total amount payable
$0
Pros and cons
- Lower home loan fees than many other lenders
- Flexible loan options
- Loans have competitive interest rates
- No branch network
- Limited options to contact the lender
Homestar Finance home loans rates
Product | Advertised Rate | Total estimated upfront fees | Comparison Rate* | Ongoing fee | Go to site | Company | |
|---|---|---|---|---|---|---|---|
1.79% Variable | $910 | 1.84% | $0 | | More details | ||
2.04% Variable | $512 | 2.07% | $0 | | More details | ||
2.14% Variable | $512 | 2.17% | $0 | | More details | ||
2.14% Variable | $512 | 2.17% | $0 | | More details | ||
2.24% Variable | $512 | 2.27% | $0 | | More details | ||
1.95% Fixed - 3 years | $0 | 2.35% | $395 annually | | More details | ||
2.06% Fixed - 2 years | $512 | 2.36% | $0 | | More details | ||
1.90% Fixed - 1 year | $395 | 2.37% | $0 | | More details | ||
2.34% Variable | $512 | 2.37% | $0 | | More details | ||
2.49% Fixed - 3 years | $512 | 2.37% | $0 | | More details | ||
2.69% Fixed - 4 years | $512 | 2.45% | $0 | | More details | ||
2.44% Variable | $512 | 2.47% | $0 | | More details | ||
2.59% Fixed - 2 years | $512 | 2.47% | $0 | | More details | ||
2.59% Fixed - 2 years | $512 | 2.50% | $0 | | More details | ||
2.69% Fixed - 1 year | $512 | 2.54% | $0 | | More details | ||
2.69% Fixed - 2 years | $512 | 2.55% | $0 | | More details | ||
2.79% Fixed - 4 years | $512 | 2.55% | $0 | | More details | ||
2.89% Fixed - 5 years | $512 | 2.55% | $0 | | More details | ||
2.69% Fixed - 3 years | $512 | 2.57% | $0 | | More details | ||
2.69% Fixed - 3 years | $512 | 2.57% | $0 | | More details | ||
2.18% Fixed - 1 year | $265 | 2.58% | $395 annually | | More details | ||
2.26% Fixed - 3 years | $265 | 2.58% | $395 annually | | More details | ||
2.79% Fixed - 1 year | $512 | 2.64% | $0 | | More details | ||
2.79% Fixed - 2 years | $512 | 2.65% | $0 | | More details | ||
2.79% Fixed - 2 years | $512 | 2.65% | $0 | | More details | ||
2.89% Fixed - 4 years | $512 | 2.65% | $0 | | More details | ||
2.89% Fixed - 4 years | $512 | 2.65% | $0 | | More details | ||
2.99% Fixed - 5 years | $512 | 2.66% | $0 | | More details | ||
2.64% Variable | $512 | 2.67% | $0 | | More details | ||
2.79% Fixed - 3 years | $512 | 2.67% | $0 | | More details | ||
2.69% Variable | $512 | 2.72% | $0 | | More details | ||
2.69% Variable | $512 | 2.72% | $0 | | More details | ||
2.89% Fixed - 1 year | $512 | 2.74% | $0 | | More details | ||
2.89% Fixed - 2 years | $512 | 2.75% | $0 | | More details | ||
2.99% Fixed - 4 years | $512 | 2.75% | $0 | | More details | ||
2.99% Fixed - 4 years | $512 | 2.75% | $0 | | More details | ||
3.09% Fixed - 5 years | $512 | 2.76% | $0 | | More details | ||
3.09% Fixed - 5 years | $512 | 2.76% | $0 | | More details | ||
2.89% Fixed - 3 years | $512 | 2.77% | $0 | | More details | ||
2.79% Variable | $512 | 2.82% | $0 | | More details | ||
2.99% Fixed - 1 year | $512 | 2.84% | $0 | | More details | ||
3.09% Fixed - 4 years | $512 | 2.85% | $0 | | More details | ||
2.99% Fixed - 2 years | $512 | 2.86% | $0 | | More details | ||
3.19% Fixed - 5 years | $512 | 2.86% | $0 | | More details | ||
3.19% Fixed - 5 years | $512 | 2.86% | $0 | | More details | ||
2.99% Fixed - 3 years | $512 | 2.87% | $0 | | More details | ||
3.19% Fixed - 4 years | $512 | 2.95% | $0 | | More details | ||
3.29% Fixed - 5 years | $512 | 2.96% | $0 | | More details | ||
3.39% Fixed - 5 years | $512 | 3.06% | $0 | | More details |
Homestar Finance customer service
Homestar Finance customers can make contact with customer support by calling the contact centre or by using the online enquiry form. As Homestar Finance is an online-only lender there is no option for face-to-face customer support. Customers can access their loan details through an online banking interface.
- Customer service centre (phone)
- Online banking
How to apply for a Homestar home loan
Borrowers wanting to apply for a Homestar Finance home loan can either complete an online enquiry form or call through to the Contact Centre for more support.
Before applying for a Homestar Finance home loan, consider how much you can afford to borrow and what other costs you may need to pay.
To apply for a Homestar Finance home loan, you will need to supply the following information:
- Proof of identity
- Proof of income and employment
- Information about the property you’re using as security
- A list of assets and liabilities
About Homestar Finance home loans
As an online home loan provider, Homestar Finance offers a relatively thin range of home loans.
This means its home loans are most suited to more typical owner-occupiers, investors and refinancers rather than those seeking specialist loans such as SMSF loans or high-LVR loans.
Homestar Finance home loans are available with a range of interest rate options:
- Variable rate
- Fixed rate
- Principal and interest
- Interest-only
- Split loans
Homestar Finance home loans have a maximum loan term of 30 years. Offset accounts and redraw facilities are available with selected mortgages from Homestar Finance.
Unlimited extra repayments are allowed on some of its home loan offerings, while others allow extra repayments with restrictions.
Homestar Finance home loan rates
Unlike many other banks and home loan lenders, Homestar Finance operates online only and doesn’t have any branches. Thanks to lower overheads, it can pass savings on to customers in the form of lower interest rates.
While Homestar Finance's home loan interest rates can often be relatively low, it's important to also consider the cost of upfront and ongoing fees before you apply for a mortgage.
Homestar Finance’s home loan interest rates differ depending on the type of borrower. Typically, owner-occupiers paying principal and interest are offered the lowest rates, followed by owner-occupiers paying interest only or investors paying principal and interest, then by investors paying interest only.
Homestar Finance home loans review
Homestar Finance offers relatively no-frills online-only home loans, which may be more suitable for tech-savvy owner-occupiers, investors or refinancers. Homestar doesn’t offer specialist mortgages such as low-doc mortgages, high-LVR mortgages or SMSF mortgages.
Because it doesn’t have to maintain costly branches and in-branch staff, Homestar Finance home loan rates tend to be lower than those of many other banks, though it’s important to also consider the cost of upfront and ongoing fees.
Homestar Finance offers home loans with options for extra repayments, offset accounts and redraw facilities, which may appeal to those who want more control over their mortgage.
Homestar Finance home loans can be principal and interest or interest-only, while borrowers can also choose for their mortgages to be variable, fixed or split.
Learn more about Homestar Finance
Who offers 40 year mortgages?
Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank.
Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.
Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.
Does each product always have the same rating?
No, the rating you see depends on a number of factors and can change as you tell us more about your loan profile and preferences. The reasons you may see a different rating:
- Lenders have made changes. Our ratings show the relative competitiveness of all the products listed at a given time. As the listing change, so do the ratings.
- You have updated you profile. If you increase your loan amount, the impact of different rates and fees will change which loans are the lowest cost for you.
- You adjust your preferences. The more you search for flexible loan features, the more importance we assign to the Flexibility Score. You can also adjust your Flexibility Weighting yourself, which will recalculate the ratings with preference given to more flexible loans.
Savings over
Select a number of years to see how much money you can save with different home loans over time.
e.g. To see how much you could save in two years by switching mortgages, set the slider to 2.
How is the flexibility score calculated?
Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.
What do mortgage brokers do?
Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.
While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.
Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.
As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.
Why should you trust Real Time Ratings?
Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.
Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.
If you have any feedback about Real Time Ratings™, please get in touch.
What is appreciation or depreciation of property?
The increase or decrease in the value of a property due to factors including inflation, demand and political stability.
Remaining loan term
The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.
Mortgage Calculator, Loan Results
These are the loans that may be suitable, based on your pre-selected criteria.
Mortgage Calculator, Loan Term
How long you wish to take to pay off your loan.
Mortgage Calculator, Deposit
The proportion you have already saved to go towards your home.
What is an ombudsman?
An complaints officer – previously referred to as an ombudsman -looks at formal complaints from customers about their credit providers, and helps to find a fair and independent solution to these problems.
These services are handled by the Australian Financial Complaints Authority, a non-profit government organisation that addresses and resolves financial disputes between customers and financial service providers.
How will Real Time Ratings help me find a new home loan?
The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.
That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.
Best of all, the ratings are calculated in real time so you know you’re getting the most current information.
How much information is required to get a rating?
You don’t need to input any information to see the default ratings. But the more you tell us, the more relevant the ratings will become to you. We take your personal privacy seriously. If you are concerned about inputting your information, please read our privacy policy.
Mortgage Calculator, Loan Amount
How much you intend to borrow.