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Owner Occupied Home loans

We’ll do more than just get you a better
home loan deal.

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Great rates. Great savings.

Great service.

At Homestar Finance, we help property owners get a better deal – with market leading rates, personalised service and loans packed with features (not fees).

Get more of what you want (and less of what you don’t) with Homestar Finance.

6 great reasons homeowners choose Homestar Finance

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Market-leading rates

We offer great rates to suit investment refinancing and purchasing needs.

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Bonus features to help you thrive

Up to four free offset account and the ability to split your loan into multiple portions.

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You call the shots

Pay fortnightly or weekly over weekly over monthly and save. And pay extra at any time – with free redraw on the extra repaid.

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Smooth and easy application process

All wrapped up in just a few days with the help of your dedicated loan specialist.

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Manage your finance is a breeze

With our online platform, a digital wallet and our Visa Debit card – you can manage your home loan and access your money whenever, wherever.

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Say goodbye to pesky fees

No application fee, no monthly fee, no offset account fee, and no annual fee.

Let’s explore some of your options.

Star Classic

UP TO 70% LVR

Variable principal & interest

5.99
% p.a.
Interest rate1
5.99
% p.a.
Comparison rate1,2
  • Up to 70% LVR
  • Weekly, fortnightly or monthly repayments
  • Free online redraws
  • Offset account and Visa Debit card
  • Unrestricted extra repayments
  • Multiple loan splits
  • Pay anyone, BPAY® and digital wallet payments
  • Schedule recurring payments or transfers
Find out more

Star Classic

UP TO 80% LVR

Variable principal & interest

6.09
% p.a.
Interest rate1
6.09
% p.a.
Comparison rate1,2
  • Up to 80% LVR
  • Weekly, fortnightly or monthly repayments
  • Free online redraws
  • Offset account and Visa Debit card
  • Unrestricted extra repayments
  • Multiple loan splits
  • Pay anyone, BPAY® and digital wallet payments
  • Schedule recurring payments or transfers
Find out more

Star Classic

UP TO 90% LVR

Variable principal & interest

6.54
% p.a.
Interest rate1
6.54
% p.a.
Comparison rate1,2
  • Up to 90% LVR
  • Weekly, fortnightly or monthly repayments
  • Free online redraws
  • Offset account and Visa Debit card
  • Unrestricted extra repayments
  • Multiple loan splits
  • Pay anyone, BPAY® and digital wallet payments
  • Schedule recurring payments or transfers
Find out more

Fees? Know exactly where you stand

We don’t charge an application fee, annual fee, monthly fee or offset account fee.
Any fees you do pay are transparent and simple, so you always know where you stand.

Rates and fees

Check out our rates and consider your options.

Rates

Loan-to-Value Ratio1 Interest Rate2 Comparison Rate^
Variable - Up to 70% LVR1 5.99% p.a.2 5.99% p.a.^
Variable - Up to 80% LVR1 6.09% p.a.2 6.09% p.a.^
Variable – Up to 90% LVR1 6.54% p.a.2 6.54% p.a.^
Variable - Up to 80% LVR - P&I1 6.39% p.a.2 6.42% p.a.^
Variable - Up to 80% LVR - Interest only1 6.79% p.a.2 6.82% p.a.^

1 LVR means ‘Loan to Value Ratio’. It is the amount of your loan divided by the valuation of your property, calculated as a percentage. For example, if you apply for a loan of $400,000, which will be secured by a property valued at $500,000, your LVR is 80%.

2 Rates shown apply to new eligible Owner Occupieda or Investment home loansb only, loan limits may apply depending on your product (refer to the product page) and at least one applicant is on PAYG employment. Rates are subject to change without notice. Existing borrowers may have different interest rates which are dependent on the rate offered to the borrower at the date when a home loan settled and any reductions or increases the lender decided to make on the existing loan over time. Accordingly, there is not one standard variable rate that applies to all Homestar home loans and existing customers can confirm their current rate(s) by logging in to internet banking or by contacting customer service. Terms, conditions, and eligibility criteria apply.

^ Comparison rates are based on a $150,000 loan amount over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees

Owner Occupied Variable Products
Principal & Interest
Owner Occupied Fixed Rate Product
Principal & Interest
Investment Variable Rate
Principal & Interest
Investment Fixed Rate
Principal & Interest
Application Fee $0 $0 $0 $0
Annual / Monthly Fee $0 $0 $0 $0
Valuation Fee (the minimum cost will be covered, any additional expenses incurred due to travel or properties greater than $1m in value may incur a fee) Valuation Fee (the minimum cost will be covered, any additional expenses incurred due to travel or properties greater than $1m in value may incur a fee) $0 $0 $0 $0
Lenders Legal Preparation Fee $0 $0 $0 $0
Fixed Rate Lock in Fee (optional) $0 $4953,4 $0 $4953,4
Settlement fee $0 $3953,4 $3953,4 $3953,4
PEXA Fee $66.333,4 $66.333,4 $66.333,4 $66.333,4
Government Charges At Cost3,4 At Cost3,4 At Cost3,4 At Cost3,4
Disbursements (including title search fees) $1503,4 $1503,4 $1503,4 $1503,4
Discharge Fee $5955 $5955 $5955 $5955
Show more

Other fees and charges may apply.

Terms, conditions and eligibility criteria apply to all our loan products and features. Fees, charges and disbursements are payable. Final approval is subject to credit assessment. Information valid as at 18th April 2024 which is subject to change without notice. Please consider if the product is appropriate for your individual circumstances. If you need assistance or have any questions about a product or feature and its suitability, please contact our Loan Specialists.


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Need help with
your home loan?

Contact our friendly team or fill in
this form and we’ll get back to you pronto.

Need help with
your home loan?

Contact our friendly team or fill in
this form and we’ll get back to you pronto.

Key product considerations

What are the benefits of multiple offset accounts?

You can connect up to four free offset accounts to your Homestar Finance owner occupied home loan. The total balance of your offset accounts is offset against your home loan, so you are only charged interest on the remaining balance. With multiple offset accounts you have the flexibility to manage your finances based on your needs and preferences. You can allocate money to different accounts and can more clearly see how you are tracking. For example, you can have one offset account for regular living expenses and another for savings. This approach can make it easy to manage your finances and keep track of your spending. 

To explore the benefits of offset accounts, go ahead and read this article – Offset Account FAQs – your top questions answered.

What are the differences between owner occupied and investment loans?

The biggest difference between owner-occupied and investor loans is the nature and intention of the property. 

Owner-occupied loans are for people who are planning on living in the property as residents. 

Investor loans are for people who want to use the property as a rental and not a family home. 

What are lenders looking for?

Lenders are generally looking for people with a steady income to be able to repay their loan as per their loan agreement. Lenders have a duty of care to ensure borrowers meet their credit criteria. 

What are the requirements for an owner occupied loan?

When obtaining an owner-occupied home loan, you are required to live in the property for usually 12 months. This requirement is fundamental to the loan, and if not complied with, you could be dealing with fraudulent misconduct. 

The Australian Tax Office (ATO) has the following criteria for main residence property: 

  • Living at the property. 
  • Your belongings are at the property. 
  • You receive mail to the property. 
  • You are registered on the electoral roll at the property’s address. 
  • Utilities are connected to the property. 

What if I want to move out of my home and rent it out?

You can do this after the allocated period has lapsed, generally 12 months. If you want to rent your home out before the allocated period, you will likely be subject to fees and costs associated with investment properties rather than residential properties. 

Stamp duty calculators

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If you are required to pay stamp duty, use our stamp duty calculator to find out how much you’ll be required to pay

Homestar has a plethora of home loan related calculators to make investing just a little bit easier.

Get a better deal in 3 steps

Step 1, 2, and 3

Talk to us about options

Our friendly team can help you find the right solution for your refinancing needs.

Gather your documents

Gather your documents to make the application as smooth as possible.

Apply

If you meet certain criteria, you could be eligible for an extra speedy approval.

Get a better deal in 3 steps

Step 1, 2, and 3

Talk to us about options

Our friendly team can help you find the right solution for your refinancing needs.

Gather your documents

Gather your documents to make the application as smooth as possible.

Apply

If you meet certain criteria, you could be eligible for an extra speedy approval.

Award-winning lending solutions since 2004

Australians deserve a better deal. That’s why we’ve been challenging the market and rewriting the rulebook, since 2004.

By listening and understanding what’s important to property owners, we’ve developed a customer focused approach that helps thousands of property owners feel in control and save money every day.

Multiple Award

Winning Lender


Canstar Outstanding Value Home Loan Awards 2021 & 2022

Mozo Experts Choice Award 2023

Rate city awards

Get more than a better deal with Homestar Finance.

For great rates, great savings and great service, Homestar Finance has you covered. Fill in your details to connect with a dedicated lending specialist.

    Home loan enquiry

    Get started. Want to apply or have a chat? Complete the form below, and we’ll contact you within 24 hours.








    Our disclaimers

    1 Rates shown apply to new eligible Owner Occupied loans only, loan limits may apply depending on your product (refer to the product page) and at least one applicant is on PAYG employment. For fixed rate loans, after the fixed rate term, a variable rate will apply. Rates are subject to change without notice. Existing borrowers may have different interest rates which are dependent on the rate offered to the borrower at the date when a home loan settled and any reductions or increases the lender decided to make on the existing loan over time. Accordingly, there is not one standard variable rate that applies to all Homestar home loans and existing customers can confirm their current rate(s) by logging in to internet banking or by contacting customer service. Terms, conditions, and eligibility criteria apply.

    2 Comparison rates are based on a $150,000 loan amount over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

    3 Third party cost(s) incurred by service provider(s) are payable and may vary or increase depending on the service provider, nature of the service and request. Any additional cost(s) are passed on directly to the applicants(s). If there is a variation or an increase, a separate quote will be provided..

    4 Where Lender Paid LMI is applicable, or applied, then settlement fee applies.

    5 Discharge fee is waived if loan reaches full term as per the loan agreement. Other fees and charges may apply.

    DISCLAIMER: Terms, conditions and eligibility criteria apply to all our loan products and features. Fees, charges and disbursements are payable. Final approval is subject to credit assessment. Information valid as at 18th April 2024 which is subject to change without notice. Please consider if the product is appropriate for your individual circumstances. If you need assistance or have any questions about a product or feature and its suitability, please contact our Loan Specialists.

    Registered to BPAY Pty Ltd ABN 69 079 137 518