Construction Finance

Let’s Build a House

Thinking about building or renovating?

A construction loan could be what you need.A construction loan is a short-term loan designed to help finance the building or major renovation of a property.

Here's what you should know:

Funds in stages:

Money is released in phases as construction progresses, not all at once.

Short term solutions

These loans usually run for 6–12 months, then either get paid off or rolled into a standard mortgage.

Interest Savings

You only pay interest on the amount drawn down, though rates are typically higher than standard home loans.

Approval process:

You'll need detailed building plans, a licensed builder, and a drawdown schedule approved by the lender.

Construction loans are especially popular with first home buyers, thanks to government grants available to eligible applicants.

Want to learn more or see if you're eligible? Get in touch—we're here to help.