Owner Occupied Home

Get an Owner Occupied Home Loan in Townsville and North QLD 

Clear Communication

Knowledgeable Team

40 + Lenders

Honest & Direct Approach

Connecting You With Multiple Lenders

At Best Home Loans, we enjoy making loans easier for homeowners, property investors and businesses in Townsville. With our extensive knowledge of loans, we continually achieve client satisfaction. We strive to help clients choose a loan or mortgage that best meets their needs. 


Whether you are buying your first home, refinancing, buying an investment property or using equity to renovate, with over 40 lenders at our disposal, we’ll do everything we can to find a finance solution for you. Our website offers detailed information on a variety of loans, as searching for home loans is different for different people. 


At Best Home Loans, we offer a large range of home loan types to accommodate almost every situation. Get in touch with our Townsville team today on (07) 4779 0555 to learn more about owner occupied home loans.

Contact our mortgage brokers today

What Are Owner Occupied Home Loans?

Owner occupied home loans suit those wanting to live in the property they purchase, build or renovate. You can apply for this loan if you want to purchase a block to build your new house or a holiday home, as long as you don’t rent it out. 


Owner occupied home loans are a great option because they generally have lower interest rates. If you are a first home buyer, you may even be eligible to receive government assistance when taking out this type of loan.

Home Loan Requirements

The Australian Tax Office additionally defines a main residence property as a home where you: 


  • Live by yourself or with family 
  • Receive mail 
  • Have your belongings 
  • Are registered to vote on the electoral roll 
  • Have utilities connected

Frequently Asked Questions

  • What are the benefits of owner occupied home loans?

    There are many benefits to owner occupied home loans, including: 


    • You may be eligible for a lower interest rate 
    • There are often fewer restrictions on how you can use the funds 
    • You often can make extra repayments, or pay the loan off early without penalty

  • What fees are involved?

    There are a number of different fees that may be charged on an owner occupied home loan. These can include establishment fees, ongoing monthly or annual fees and discharge fees. Some lenders may also charge application fees and valuation fees.

  • Why do owner occupied home loans have lower interest rates?

    The main reason that owner occupied home loans have lower interest fees is because the banks view these loans as being less risky. This is because the homeowner is typically more invested in the property and is therefore more likely to keep up with repayments. Additionally, the value of the property may increase over time, providing additional security for the loan.

  • What is Lender’s Mortgage Insurance?

    Lenders mortgage insurance is a type of insurance that protects the lender if you default on your home loan. It is typically required if you have a deposit of less than 20% of the purchase price of your property. The insurance covers the lender for any losses that they may incur if you default on the loan and are unable to repay the debt. It does not cover you as the borrower.

Enquire Now

Share by: