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Homestar Finance home loans

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.

RateCity

Content updated

12 Feb, 2024

Product data updated

26 Apr, 2024

Why choose Homestar Finance

Benefits

Lower home loan fees than many other lenders
Flexible loan options
Loans have competitive interest rates

Drawbacks

No branch network

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

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All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

Contact a mortgage broker

Homestar Finance homeloans are vailable through brokers who can help find the right loan and manage your application at no charge.

Ainslie Conheady

VIC3205

Customer Representative Number: 511481

5.0

49 Google reviews

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I specialise in helping: • First Home buyers • Refinancing to get extra funds, a better rate or to consolidate other d...

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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.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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Why choose Homestar Finance

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