Home Loans
Home Loans Australia: Compare 60+ Lenders and Find Your Fit
We’ll make home loans easy for you, because you should be choosing furniture, not fighting paperwork. Whether it’s your first home, your next one, or an investment property, Lodestar Finance compares home loans Australia wide from over 60 lenders to find the option that actually fits your situation.
First home buyer? You may be able to buy with as little as a 5% deposit under the government’s home guarantee scheme, more on that below.
Lodestar Finance Pty Ltd · Credit Representative (CRN 571879) of Purple Circle FS · Australian Credit Licence 486112 · FBAA Accredited · 60+ Lenders Compared
Lenders
60
+
Transparency
100
%
Clients Served
950
+
How It Works
Getting Your Home Loan Sorted
The scheme is designed to make home ownership more achievable:
A Free, No-Pressure Chat
We start by understanding your situation, your budget, and what you're trying to achieve.
We Compare 60+ Lenders for You
Instead of one bank's one answer, we search across our full panel to find options that actually suit you.
Application & Approval Support
We handle the paperwork and keep you updated at every stage.
Settlement & Ongoing Reviews
Once you're settled, we check in every six months to make sure your loan is still working for you.
Our Lenders
Why a Broker, Not Just a Bank
Since 2021, mortgage brokers in Australia are legally required to act in your best interests when recommending a loan, a legal obligation known as the Best Interests Duty. Banks have no equivalent obligation, when you walk into a bank, that bank only has to offer you its own products, it doesn’t have to tell you if a better option exists elsewhere.
This isn’t just a talking point, it’s the reason broker market share of new home loans reached a record 77.6% in the June 2025 quarter, and why brokers who review and reprice existing loans achieve clients an average interest rate reduction of 0.35%.
WHO’S ELIGIBLE
What Lenders Generally Look For
- Australian citizenship or permanent residency (some lenders accept other visa holders, ask us)
- Stable income and employment history
- A genuine savings history or deposit, typically 5% to 20% depending on the loan type
- A reasonable credit history (we can still help if yours isn’t perfect)
- Serviceability, meaning your ability to comfortably repay the loan, including if rates rise
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.
Buying Your First Home? You Could Need Just a 5% Deposit
Under the government’s home guarantee scheme (formerly the First Home Guarantee), eligible first home buyers can purchase with a 5% deposit and avoid Lenders Mortgage Insurance (LMI) entirely, potentially saving tens of thousands of dollars.
As of the last update to this page:
Income caps have been removed, eligibility is no longer limited by how much you earn
There is no longer an annual limit on the number of places available
You generally need to be an Australian citizen or permanent resident, at least 18, and buying your first home as your principal place of residence
Property price caps still apply and vary by state and postcode
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.
Testimonials
Amazing Reviews From Our Clients
Jake Wilson
Went through Lodestar Finance for my home loan and it was honestly a really good experience. No pressure, no confusion. They just explained things properly and got it done. Would use them again.
Lauren McKay
I was expecting the whole loan process to be a headache, but it wasn’t. Lovepreet handled most of it and kept checking in so I knew where things were at. Made life a lot easier.
Tom Reynolds
Everything was pretty straightforward and communication was solid the whole way through. Saved me money too, so no complaints.
Gurpreet Singh
As a first home buyer I had no idea what I was doing. The team at Lodestar were patient and answered all my questions without making me feel silly. Really appreciate that.
Chloe Bennett
Really easy to deal with and super responsive. If I had a question, they got back to me quickly. Didn’t feel stressed at any point, which says a lot.
Rohan Patel
The process was smooth from start to finish. Nothing dragged on and everything was explained clearly. Overall just a solid, reliable experience.
Loan Types You Can Choose From
CALCULATORS
Get a Real Number in Under a Minute
Curious what you could borrow, or what your repayments might look like? Try one of our free calculators, no signup required.
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.
Not necessarily. Some lenders accept deposits as low as 5%, and eligible first home buyers may qualify for the government's home guarantee scheme, which allows a 5% deposit with no LMI. Conditions and price caps apply.
Yes. Since 2021, brokers are legally required under the Best Interests Duty to prioritise your interests over any lender relationship or commission. Banks have no equivalent legal obligation when dealing with them directly.
The information on this page is general in nature and does not take into account your personal objectives, financial situation, or needs. Government scheme eligibility, price caps, and lender criteria are subject to change, always confirm current terms with us or directly with Housing Australia before proceeding. Lodestar Finance Pty Ltd is a Credit Representative (CRN 571879) of Purple Circle Financial Services Pty Ltd, Australian Credit Licence 486112.
Ready to Compare Home Loans Australia Wide?
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