
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)

Max Loan to Value Ratio: 80% (1)

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.
