Home Loans
we’ll make home loans easy for you, because
You should be choosing furniture, not fighting paperwork
For many Australians, the hardest part of buying a home isn’t finding the right property, it’s saving the deposit. Traditionally, you’d need 20% upfront or you’d be hit with costly Lenders Mortgage Insurance (LMI).
With the Government’s First Home Guarantee (FHBG), you could step into the market with as little as a 5% deposit and skip LMI altogether.
At Lodestar Finance, we make it easy to understand what’s ahead, so you can focus on finding the home you love.
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How It Works
The scheme is designed to make home ownership more achievable:
Save a 5% Deposit
That’s all you need.
The Government Steps In
They guarantee up to 15% of your loan, reducing the risk for the bank.
You Get Approved Sooner
The lender can approve your loan without charging you LMI.
Who’s Eligible?
Be 18 years or older
Be an Australian citizen or permanent resident
Not own property in Australia now or in the last 10 years
Meet the income caps: up to $125,000 per year for singles, or up to $200,000 per year for couples (combined)
Plan to live in the property — investment homes aren’t covered
What Can You Buy?
The scheme covers a wide range of property types including houses, townhouses, units, off-the-plan apartments and house-and-land packages. This gives you the flexibility to choose a home that truly fits your lifestyle and budget.
Each property must be under a set price cap, which varies depending on your state and city. These limits can make a big difference to where and what you buy, and we’ll guide you so you can search with confidence.
With Lodestar Finance
You don’t have to figure it out alone! We'll help you with:
Check Your Eligibility
We’ll review your situation and confirm if you qualify for the loan options available.
Find the Right Lender
Not every bank has the same rules. We compare across the market and connect you with lenders that actually suit your needs.
Handle the Paperwork
Applications, documents, deadlines — we manage the details so you don’t have to stress about missing a thing.
Guide You Every Step
From the first chat to settlement day, you’ll have real experts explaining your options in plain language and making sure everything runs smoothly.
Loan Types You Can Choose From
FAQs
Frequently Asked Questions
Serviceability is how lenders test your ability to repay a loan, even if interest rates rise. It’s often stricter than people expect and can affect how much you’re approved for.
Besides your deposit, you may face application fees, ongoing admin fees, stamp duty, conveyancing costs, and LMI. Each lender labels these differently — we make sure you know them upfront.
Fixed gives repayment certainty, variable gives flexibility. Many borrowers split the loan for both stability and freedom.
LMI is a one-off fee if your deposit is under 20%. It protects the lender, not you. Sometimes you can avoid it through loan structuring or special programs.
Offset accounts, redraw facilities, and flexible repayments can shave years (and thousands of dollars) off your loan.
Yes. Look for loans that allow extra repayments or fortnightly schedules without penalties.
Some loans offer repayment holidays or a line of credit for flexibility. Choosing the right structure gives you breathing room.
It’s not just about the rate — it’s about your goals, budget, and lifestyle. That’s where expert guidance makes all the difference.