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Build Your First Home

Construct your dream home
 

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Interest Rate: From 6.09% p.a. (P&I at 80% LVR) (1)

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Comparison Rate: From 6.09% p.a. (1)(2)

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Max Loan to Value Ratio: 80% (1)

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Your dream home starts here

Thinking about building your first home? With a loan designed specifically for first-time builders, we provide the flexibility and features you need to manage your finances and focus on bringing your vision to life.

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Guidance every step of the way

Building a home can feel overwhelming, but it doesn’t have to be. Our dedicated coaches are here to guide you through every stage of the process, ensuring a seamless journey from vacant land to move-in day. With our support, turning your dream home into a reality has never been easier.

BUILD Your First Home FEES

Annual Fee
$ -
Construction Administration Fee (3)
$ 750
Construction Risk Fee
Ask your Loan Specialist
Valuation Fee (3)(5)
$ 244.20 or at cost (travel costs may apply)
Progress Valuations (3)
$ 880
Lender Legals (3)
$ 264
PEXA Fee (3)
$ 66.33
Discharge Fee (4)
$ 595
Unlimited Transactions (No Fees)
Bpay; Pay Anyone; Direct Debit / Salary Crediting

Disclaimer

1 Rates shown apply to new eligible loans only, max LVR 80%, loan amount up to max of $1,000,000 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.


2 Comparison rates are based on a basic Homestar loan, 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 Discharge fee is waived if loan reaches full term as per the loan agreement.


5 For Metro locations under $1m.

* Available after the construction period.

Other fees and charges may apply.

Your Guide to Affordable Homeownership

1

Meet Your Coach

Let us pair you with a dedicated home loan coach. They’ll provide  guidance to help you through the home buying process.

2

Create a Savings Plan

Your coach will estimate your borrowing power and provide budgeting advice, made easy with our MFL Success Tracker app, so you can save confidently for your new home.

3

Get Your Loan

When you're ready, apply for and secure the loan you need to purchase your first home.

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Join Our First Home Masterclass

Discover how to break through the barriers to homeownership with a better loan

Own Your Home, Sooner Than You Think

With My First Loan, we help you get in with a smaller deposit and guide you every step of the way. We make homeownership a reality for those who feel shut out by the big banks
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