HomeStart home loans

Compare home loan rates from HomeStart Finance.

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On this page you can find information about HomeStart Finance home loans. Skip ahead to the full table of products or read more about the lender.

Compare HomeStart Finance home loans

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5 of 10 results
Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Custom Badges Monthly Payment
HomeStart Finance Home Loan logo
Finder score
HomeStart Seniors Equity Loan
Finder score
Interest Rate
7.64%
Comparison Rate
7.67%
Fees
  • Application: $350
  • Ongoing: $0 p.a.
Principal & Interest20% min. equityOwner-occupierNo LMI
Monthly Payment
$1,065
per month
More info
Compare product selection
HomeStart Finance Home Loan logo
Finder score
HomeStart Graduate Variable Rate Home Loan
Finder score
Interest Rate
7.89%
Comparison Rate
7.97%
Fees
  • Application: $845
  • Ongoing: $0 p.a.
Principal & Interest2% min. equityOwner-occupierLMI
Monthly Payment
$1,090
per month
More info
Compare product selection
HomeStart Finance Home Loan logo
Finder score
HomeStart Low Deposit Variable Rate Loan
Finder score
Interest Rate
7.89%
Comparison Rate
8.07%
Fees
  • Application: $845
  • Ongoing: $0 p.a.
Principal & Interest3% min. equityOwner-occupierLMI
Monthly Payment
$1,090
per month
More info
Compare product selection
HomeStart Finance Home Loan logo
Finder score
HomeStart Fixed Home Loan
Finder score
Interest Rate
7.69%
Comparison Rate
7.93%
Fees
  • Application: $845
  • Ongoing: $0 p.a.
Principal & Interest 2Y Fixed5% min. equityOwner-occupierLMI
Monthly Payment
$1,070
per month
More info
Compare product selection
HomeStart Finance Home Loan logo
Finder score
HomeStart Graduate Fixed Home Loan
Finder score
Interest Rate
7.69%
Comparison Rate
7.93%
Fees
  • Application: $845
  • Ongoing: $0 p.a.
Principal & Interest 2Y Fixed2% min. equityOwner-occupierLMI
Monthly Payment
$1,070
per month
More info
Compare product selection
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Showing 5 of 10 results

HomeStart Finance lender profile

  • Created by the South Australian Government in 1989, HomeStart offers home loans with less upfront costs, a lower initial deposit and an innovative repayment system that keeps monthly payments at a stable amount despite changes in variable interest rates. It's a for-profit service, but also has an ethic of social responsibility.
  • HomeStart Finance is not a Bank, it is a State Government organisation that is 100% focused on providing home loans for South Australians.
  • This lender offers other financial products such as existing home, build, refinance, or buy land now and build later.

How do I apply for a mortgage from HomeStart?

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

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • 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 HomeStart 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).

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What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full breakdown

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Publisher

Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money. See full bio

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