HomeStar Home Loans Review and Comparison
HomeStar Home Loans
Banks give the impression of being safe and secure, this is why the Big Four Banks in Australia hold the majority of the home loans, because people will opt for the perception of security in lieu of shopping around for a loan which could potentially fit them better. However, the Australian financial industry and home loan lenders in particular are closely monitored by industry associations and independent government bodies to ensure that your interests are looked after and your home is secure.
Plus, non-bank lender Homestar is widely recognised in the home loan industry, having won the 2010 award for Non-Bank Lender of the Year, making that three years in a row they have won at the Mortgage of the Year Awards. As Homestar does not have the deposit base that banks do to cover their lending, they use secure bank funds from those lenders who do. This means you get the benefits of the security of bank funds, without having to pay for the overheads of a bank such as branches.
Featured HomeStar Home Loan
Apply for a Homestar 3 Years Fixed Rate Home Loan and get a low interest rate, plus no application and ongoing service fees.
- Interest Rate of 5.95%
- Comparison Rate of 6.37%
- Application Fee of $0
- Maximum LVR With LMI: 95%
- Minimum Borrowing: $150,000
- Maximum Borrowing: $2,000,000
Featured Loans from Home Star
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 HomeStar Fixed Rate Loan – 3 Year Fixed Rate |
One of the market leading 3 year fixed rate options. | 5.95% | 6.37% | $0 / $0 | 95% | $150,000 / $2,000,000 |
 
|
HomeStar Fixed Rate Loan – 1 Year Fixed Rate |
A flexible loan protected against interest rate hikes. | 5.95% | 6.48% | $0 / $0 | 95% | $150,000 / $2,000,000 |
|
HomeStar Fixed Rate Loan – 2 Year Fixed Rate |
Market leading range of features on offer with a competitive fixed rate. | 5.95% | 6.42% | $0 / $0 | 95% | $150,000 / $2,000,000 |
|
HomeStar No Fee 100% Offset |
No fees and no mortgage insurance to pay. | 6.46% | 6.46% | $0 / $0 | 90% | $250,000 / $750,000 |
|
| HomeStar Premium Offset >$400k Loan |
This fantastic new loan offers zero fees and rewards customers with an interest rate drop. | 6.41% | 6.41% | $0 / $0 | 90% | $250,000 / $1,000,000 |
|
HomeStar Gold Loyalty Home Loan |
This new loan features zero fees, flexible repayment options and an interest rate drop of 0.15% after 5 years. | 6.48% | 6.40% | $0 / $0 | 95% | $750,000 / $2,000,000 |
|
HomeStar Advantage Loan |
Zero fees and a competitive interest rate. | 6.53% | 6.53% | $0 / $0 | 95% | $150,000 / $2,000,000 |
|
HomeStar Advantage Construction Loan |
Up to 90% LVR. | 6.53% | 6.54% | $0 / $0 | 95% | $150,000 / $2,000,000 |
|
| HomeStar Advantage Premium >$500,000 |
Up to 95% LVR. | 6.48% | 6.48% | $0 / $0 | 95% | $500,000 / $2,000,000 |
|
HomeStar Fixed Rate Loan – 5 Year Fixed Rate |
Competitive interest rate and fantastic features on offer. | 6.45% | 6.50% | $0 / $0 | 95% | $150,000 / $2,000,000 |
|
Homestar is also a full member of the Mortgage and Finance Association of Australia, so take just a few minutes to consider the loans and features they offer because you could be surprised – especially by some new and groundbreaking interest rate features:
- Variable interest rate Advantage loan. This basic Homestar home loan does not charge any application fees, settlement fees or ongoing annual fees and gives you the flexibility of a variable rate, while ensuring the lowest repayments.
- 100% offset account. You will need to provide a 20% deposit for the Homestar offset loan, however, this entitles you to a waiver of the lender’s mortgage insurance costs. You will also be getting a debit card with your loan account while making savings everyday simply by leaving your funds in your offset account.
- Construction loan. You pay only the interest portion of your loan during the construction phase and use progressive draw downs to pay your builder. The Homestar construction loan then reverts to the affordable Advantage Loan.
- Line of credit. You can use the equity in your home to have a line of credit approved on your loan for you to use as you wish, for investments, improvements or vacations. You can also choose to make interest only repayments for up to 15 years on your line of credit loan.
HomeStar Gold Loyalty Home Loan
HomeStars new loan offers zero fees, a low ongoing variable rate and an interest rate drop of 0.15% after 5 years.
- Interest Rate of 6.73%
- Comparison Rate of 6.64%
- Application Fee of $0
- Maximum LVR With LMI: 95%
- Minimum Borrowing: $750,000
- Maximum Borrowing: $2,000,000
Across the Homestar home loans range you can enjoy free redraws and make unlimited additional repayments on the variable loan products. This gives you the freedom to reduce your loan term and charges, while also being able to help you out in an emergency.
You can also easily choose an interest free period on a Homestar loan, usually up to five years, or you can choose to split your loan in up to four ways to reduce your loan commitments that way. You can also transfer between the split portions of your loan depending on your circumstances or the current financial climate.
For more information about the range of Homestar loans, read our full reviews, or contact Home Loan Finder to see which loan suits you best.
Related Resources
- Homestar Advantage Construction Loan
- Homestar Advantage Premium > $500,000
- Homestar Fixed Rate Loan 1 Year
- HomeStar Gold Loyalty Home Loan
With all the talk going on about the HomeStar Gold Home Loan we found it a good idea to analyse this loan to help you get more value by being able to make an informed decision. Read on to learn more... - Homestar Line of Credit
- Homestar No Fee 100% Offset
- HomeStar Premium Offset $400k Home Loan
The Premium Offset $400k Home Loan is a fantastic product by Homestar, an award winning mortgage lender. The main advantage of the Premium Offset $400k Home Loan is the very low interest rate and the full redraw facility that can be used without having to pay any fees. It even offers a debit card for convenient access to available funds, a facility that will make cash and credit easily available at a very low borrowing cost. - Homestar Quickstart First Home Buyer
- Homestar RateStopper Loan
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