
CARE worker
Loans tailored for you


Lender Paid Lender's Mortgage Insurance
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Interest Rate: From 6.45% p.a. (P&I at 90% LVR) (1)
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Comparison Rate: 6.45% p.a. (1) (2)

Max Loan to Value Ratio: 90% (1)

You dedicate your life to helping others.
Now it’s time for us to help you
As an care worker, you’re busy giving back to your community, often leaving little time or resources to save for a home. Those who give so much to society should be rewarded when it comes to buying a home, not burdened.
Our Care Worker Loan is tailored for you, with benefits like reduced deposit requirements and no need for a guarantor.
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Who is eligible?
With only $5,000 in genuine savings needed towards your 10% deposit, and just one borrower in your household required to meet the essential worker criteria, you can take the next step towards owning your home. Plus, we’ll cover the cost of Lender’s Mortgage Insurance (LMI), so you can focus on what really matters — moving in.
Any borrower on the loan must be employed permanent full time, off probation in the following role:
State or Federal Police Officer
Permanent Full Time Firefighter
Fully Qualified Paramedic
Primary and Secondary School Teacher (GPS or Public Schools)
Registered Nurse*
*Nurses and Paramedics with a degree and the main income earner may be eligible for 95% Professional product.
CARE WORKER FEES
Application Fee | $ - |
Annual/Monthly Fee | $ - |
Valuation Fee (3) | At cost (Order through Property Hub) |
Legal Preparation Fee (3) (4) | $ 275 |
Discharge Fee (5) | $ 1,500 |
Disclaimer
1 Rates shown apply to new eligible owner occupied loans only, up to 90% LVR, loan amount min of $150k, up to max of $2m 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 overtime. 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 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.

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Your Guide to Affordable Homeownership
1
Meet Your Coach
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2
Create a Savings Plan
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3
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