Following the current trend, they now offer only a very basic free service called Homestead Personal with limited options and have switched to paid hosting plans for the really good stuff. Homestead does not serve third party ad banners but they do place a frame at the bottom, which is much more prominent than the one before. They offer each free site 8mb of space which is quite small by today's standards. They have great site builder which used to be downloadable, but now you must do your web building on line. The downloadable Homestead site-builder is still available but you must upagrade to get it.
Homestead provides a good offering, and is very professional in their treatment of users.