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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 mortgage repayments
at interest rate 1.79%
Total interest payable
$0
Total loan repayments
$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
Advertised Rate 1.79% Variable | Total estimated upfront fees | Comparison Rate* 1.84% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.04% Variable | Total estimated upfront fees | Comparison Rate* 2.07% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.14% Variable | Total estimated upfront fees | Comparison Rate* 2.17% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.14% Variable | Total estimated upfront fees | Comparison Rate* 2.17% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.34% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.19% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.34% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.22% | Ongoing fee | Go to site | More details |
Advertised Rate 1.88% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.26% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.24% Variable | Total estimated upfront fees | Comparison Rate* 2.27% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.44% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.29% | Ongoing fee | Go to site | More details |
Advertised Rate 2.44% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.29% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.44% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.32% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.44% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.32% | Ongoing fee | Go to site | More details |
Advertised Rate 2.34% Variable | Total estimated upfront fees | Comparison Rate* 2.37% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.34% Variable | Total estimated upfront fees | Comparison Rate* 2.37% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.54% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.39% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.54% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.39% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.54% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.40% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.64% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.40% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.74% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.40% | Ongoing fee | Go to site | More details |
Advertised Rate 2.54% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.42% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.54% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.42% | Ongoing fee | Go to site | More details |
Advertised Rate 2.18% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.47% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.44% Variable | Total estimated upfront fees | Comparison Rate* 2.47% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.44% Variable | Total estimated upfront fees | Comparison Rate* 2.47% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.64% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.49% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.64% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.49% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.64% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.50% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.74% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.50% | Ongoing fee | Go to site | More details |
Advertised Rate 2.74% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.50% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.84% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.50% | Ongoing fee | Go to site | More details |
Advertised Rate 2.64% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.52% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.64% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.52% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.54% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.54% | Ongoing fee | Go to site | More details |
Advertised Rate 2.54% Variable | Total estimated upfront fees | Comparison Rate* 2.57% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.54% Variable | Total estimated upfront fees | Comparison Rate* 2.57% | Ongoing fee | Go to site | More details |
Advertised Rate 2.74% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.59% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.74% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.60% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.84% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.60% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.84% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.60% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.94% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.60% | Ongoing fee | Go to site | More details |
Advertised Rate 2.94% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.60% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.74% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.62% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.64% Variable | Total estimated upfront fees | Comparison Rate* 2.67% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.84% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.69% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.84% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.70% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.94% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.70% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.04% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.71% | Ongoing fee | Go to site | More details |
Advertised Rate 3.04% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.71% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.84% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.72% | Ongoing fee | Go to site | More details | |
Advertised Rate 3.04% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.80% | Ongoing fee | Go to site | More details | |
Advertised Rate 3.14% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.81% | Ongoing fee | Go to site | More details | |
Advertised Rate 3.24% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.91% | Ongoing fee | Go to site | 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.
Homestar Finance top home loans products
Learn more about home loans
What is the average length of a home loan?
Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years.
However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender.
It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.
How can I get ANZ home loan pre-approval?
Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget.
At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.
An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.
You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).
How do I get a pre-approved home loan with Aussie?
Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home.
It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.
Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses. It’s worth remembering that a pre-approved loan is usually valid for a few months.
Can I get a NAB home loan on casual employment?
While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).
While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.
Does Westpac offer loan maternity leave options?
Having a baby or planning for one can bring about a lot of changes in your life, including to the hip pocket. You may need to re-do the budget to make sure you can afford the upcoming expenses, especially if one partner is taking parental leave to look after the little one.
Some families find it difficult to meet their home loan repayment obligations during this period. Flexible options, such as the Westpac home loan maternity leave offerings, have been put together to help reduce the pressure of repayments during parental leave.
Westpac offers a couple of choices, depending on your circumstances:
- Parental Leave Mortgage Repayment Reduction: You could get your home loan repayments reduced for up to 12 months for home loans with a term longer than a year.
- Mortgage Repayment Pause: You can pause repayments while on maternity leave, provided you’ve made additional repayments earlier.
When applying for a home loan while pregnant, Westpac has said it will recognise paid maternity leave and back-to-work salaries. All you need is a letter from your employer verifying your return-to-work date and the nature of your employment. Your partner’s income, government entitlements, savings and investments will may help your application.
Can I get a NAB first home loan?
The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.
Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.
If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.
The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.
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.
How do I get a Suncorp home loan pre-approval?
Getting home loan pre-approval helps you work out a budget to help you search for a suitable property and make an offer with confidence. Once you put in an application, you should get your pre-approval outcome within two business days. To help get a fast turnaround time of your pre-approval application, ensure all the information and documentation that Suncorp requires. This includes proof of identification, recent payslips, bank account and credit card statements.
You can submit the home loan pre-approval application online. You’ll be asked for information about your income, expenses, assets, and debts. It should take you about 10 minutes to fill out the application, and you can do it free of charge. A Suncorp lending specialist will review your application and contact you within 24 hours or the next working day. Suncorp will not run a credit check until you have heard from this lending specialist.
Once you get Suncorp home loan pre-approval, it’s valid for 90 days. If you don’t find a property you wish to buy in this time you may be able to apply for an extension, speak to your Suncorp lending specialist about this.
What are the NAB term deposit interest rates for businesses?
If you’re looking to lock in a return on your business savings, one option is a business term deposit with NAB. The big four bank provides competitive interest rates while giving you the flexibility to choose the term. NAB offers business term deposit interest rates for investments of between $5,000 to $499,999.
NAB doesn’t charge any monthly account or application fees. The interest is calculated daily and for the 90-day term and six months term, you will get paid when the deposit matures. For the 12 months term, you can either choose to get paid monthly, quarterly, half-yearly or annually.
If you wish to withdraw your funds before the deposit matures, you need to give NAB 31 days notice. However, they do make exceptions if you’re experiencing hardship and need the funds immediately. Either way, you may have to bear the prepayment cost, which you can learn more about in the Terms and Conditions.
Does UBank offer home loan pre-approvals?
If you’re applying for a home loan with UBank, you can first get an approval in principle. You’ll need to provide information about your job and earnings, your household expenses, the assets you own and the debts you owe.
UBank will assign a home loan specialist to discuss these details over a phone call, which can take about 30 minutes.
The bank will then confirm if you’ve received in-principle approval for your home loan. Depending on how you submit your documents, this could take a few days or a few weeks. If successful, the approval will be valid for 60 days.
How do I apply for a home improvement loan?
When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying.
Besides taking out a home improvement loan, you could also:
- Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement. Speak with your lender or a mortgage broker about accessing your equity.
- Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
- Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
- Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.
Does the Home Loan Rate Promise apply to discounted interest rate offers, such as honeymoon rates?
No. Temporary discounts to home loan interest rates will expire after a limited time, so they aren’t valid for comparing home loans as part of the Home Loan Rate Promise.
However, if your home loan has been discounted from the lender’s standard rate on a permanent basis, you can check if we can find an even lower rate that could apply to you.
How do I apply for Westpac’s first home buyer loan?
If you’re a first home buyer looking to apply for a home loan with Westpac, they offer an online home loan application. They suggest the application can be completed in about 20 minutes. Based on the information you provide, Westpac will advise you the amount you can borrow and the costs associated with any possible home loan.
You can use Westpac’s online mortgage calculators to estimate your borrowing power. You can also work out the time it might take to save up for the deposit, and the size of your home loan repayments.
When applying for a home loan with Westpac, you’re assigned a home finance manager who can address your concerns and provide information. The manager will also offer guidance on any government grants you may be eligible for.
Can I apply for an ANZ non-resident home loan?
You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:
- You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
- Your job is included in the Australian government’s Medium and Long Term Strategic Skills List.
However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.
What is 'principal and interest'?
‘Principal and interest’ loans are the most common type of home loans on the market. The principal part of the loan is the initial sum lent to the customer and the interest is the money paid on top of this, at the agreed interest rate, until the end of the loan.
By reducing the principal amount, the total of interest charged will also become smaller until eventually the debt is paid off in full.