Homestar Finance

Homestar home loans

Homestar has home loans for owner-occupiers and investors, with rates starting from 1.79%.

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Homestar is an online Australian lender. Check out the full table of Homestar products below or read more about the lender and its loans.

Compare Homestar home loans for December 2021

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".

$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

Homestar Star Classic Owner Occupied Fixed Special P&IHome 2Y Fixed≥ 20% Deposit

Homestar Star Classic Owner Occupied Fixed Special
2.49%
2.19%
  • App: $0
  • Ongoing: $395 p.a.
$594
Fix to a low rate for two years. Ongoing fee only applies while the rate is fixed. Requires a 20% deposit.

Homestar Star Gold P&IHome≥ 40% Deposit

Homestar Star Gold
1.79%
1.84%
  • App: $395
  • Ongoing: $0 p.a.
$540
Refinancers and buyers with 40% deposits can get this very competitive variable rate. It even comes with a 100% offset account.

Homestar Finance Variable Rate Home Loan P&IInvestment≥ 20% Deposit

Homestar Finance Variable Rate Home Loan
2.29%
2.32%
  • App: $0
  • Ongoing: $0 p.a.
$578
Investors with 20% deposits can get this competitive rate. This is a low fee principal and interest loan.

Homestar Fixed Rate Home Loan P&IHome 1Y Fixed≥ 20% Deposit

Homestar Fixed Rate Home Loan
2.39%
2.15%
  • App: $0
  • Ongoing: $0 p.a.
$586

Homestar Star Essentials Home Loan P&IHome≥ 20% Deposit

Homestar Star Essentials Home Loan
1.99%
2.02%
  • App: $0
  • Ongoing: $0 p.a.
$555
A low rate variable mortgage with minimal fees and redraw facility. Requires a 20% deposit. Eligible refinancers can receive up to $1,500 cashback. Conditions apply.
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Homestar key facts

  • Homestar's home loan rates are some of the market's most competitive.
  • Homestar is an online lender. It has an online application process but no physical branches.
  • You need at least a 20% deposit for most Homestar home loans, so borrowers with small deposits may not qualify.

Review by our senior home loans writer Richard Whitten

Homestar home loan features

Here are the key features and details you need to know about Homestar's mortgage products.

FeatureDetails
Minimum depositHomestar loans have 80% maximum LVRs. This means you can borrow up to 80% with a Homestar mortgage.
Offset accountYou can get an offset account on some Homestar loans.
Repayment optionsBoth Homestar's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Split rateMost Homestar mortgages allow you to split your loan into fixed and variable portions.

How do I apply for a Homestar mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each Homestar product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Homestar you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like Homestar

If you want to compare loans from similar lenders to Homestar then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • UBank. A 100% online lender owned by NAB.
  • Loans.com.au. A Brisbane-based online lender, Loans.com.au is backed by Firstmac, Australia's largest non-bank lender.
  • ME Bank. Member's Equity was established back in 1994 and went fully digital in 2012.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.

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