We do all the legwork to match your needs to the right construction loan, saving you time, stress and hassle. We’ll help you navigate the process, so you can focus on the road ahead.
Renovating or building your dream home?
If you're thinking of building your own home from scratch, it's a smart move to research your finance options before you enter into a building contract.
We provide loan solutions for buying land, building new homes, purchasing off-the-plan and house & land packages.
Securing a loan to build a home is a little different than buying an established house because often the land and building purchase will need to settle separately.
The application stage
To accommodate this, your lender will likely manage your initial loan as two separate but simultaneous applications - one for the land purchase and the second for the completed house and land cost.
The second application will eliminate the first loan and leave you with just one loan.
The construction stage
Most lenders will also require you to build on your land within two years of settlement - this does not mean you need to finish the home within the two year time frame, just that you need to start building within two years of settling on your land.
The construction of your home will generally be conducted in stages, with payments required at the end of each stage.
The repayment stage
The bank or lender only charges you on the amount of money you have drawn down, therefore your minimum repayment will vary depending on which stage your home has reached.
While most construction loans have a variable interest rate, there are some available that operate as fixed rate loans. If you do use a fixed rate construction loan, you may end up with one rate on your land loan and a second rate on your construction loan.
Can you help me understand my borrowing capacity?
Can you help me understand my borrowing capacity?
Of course! Borrowing capacity refers to how much you can borrow from a lender. To get an estimate of your borrowing capacity go to our calculator: How much can I borrow? If you want to get an in depth review of your borrowing capacity, get in touch today.
How will you decide which loan is suited to my circumstances?
How will you decide which loan is suited to my circumstances?
With over 60 lenders, you and I are spoiled for choice. I narrow my search down through talking to you about your wants and needs. I will show you your options, listing the pros and cons of each loan and ultimately we will come to a decision together.
The loan process.
- Define Your Project Scope
A clear construction plan is crucial to secure your construction loan.
Lenders will want to understand the nature of your construction project, including design plans, builder details, and timelines. We’ll help you document your project clearly to align with lender expectations and improve approval chances.
- Assess Financial Position
Your financial and credit history will be thoroughly reviewed.
We will evaluate your personal financial position, credit history, and equity contribution. This allows us to identify the most suitable lenders and present your profile in the strongest possible light.
- Calculate Realistic Funding Needs
Borrowing the full construction cost may not always be necessary.
We’ll work with your builder’s cost estimates and your deposit to determine how much funding is truly required. This ensures your loan structure is sustainable throughout the progress payment stages.
- Compare Loan Structures
Understand the types of construction loans available.
Construction loans come with variable rates, interest-only periods, and progress payment schedules. We’ll help you understand each feature and guide you in selecting the most appropriate structure for your build.
- Submit Your Application
Once everything is prepared, we’ll lodge your construction loan application.
We’ll gather your building contract, council approvals, cost breakdown, and other documents required for submission. We’ll then submit your application to a lender that aligns with your project goals.
- Post-Approval Guidance
Our support continues throughout your construction journey.
We’ll help you coordinate progress payments, monitor drawdowns, and stay on track with lender requirements. Even after settlement, we’re here for ongoing advice and future planning.
Range of financial calculators
Check out our range of financial calculators below. Please contact us for more information and discuss your options tailored to your personal circumstances.
Rated 5 out of 5 stars by our customers!
Our customers love the experience with us.
Here’s what they have to say.
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Exceptional Service! Abbas provided outstanding support throughout the mortgage process. He was knowledgeable, professional, and patient, simplifying complex terms and finding the fit rates. Always responsive and quick to answer questions, Abbas ensured everything went smoothly. Highly recommend him as a reliable mortgage broker!
3 months ago
Highly recommend Priyank! From the start, he made us feel confident and supported through the home-buying process. He understood our needs, was always available for questions, and used his market expertise to help us find our perfect home with a great interest rate. His guidance made everything smooth and stress-free. Grateful for his help!
3 months ago
Abbas has been absolutely fantastic. I have known him since 2018, and the information he provides is transparent and informative, which allows me to make better decisions according to my circumstances. He is the best mortgage broker in Melbourne. Thank you for your help and support.
4 months ago
I have worked with both Abbas and Priyank. Most recently with Abbas. They both have delivered high levels of professionalism and customer satisfaction. Highly knowledgeable in the field and will work with you to ensure you get the best deal. I most defiantly recommend this service to anyone who’s looking for a trustworthy broker
6 months ago
Amazing and smooth experience with Priyank. Excellent knowledge about the market and really amazing outreach to get you in touch with the right people to get the job done. Really great communication, kept us in the loop through the entire process. Highly recommend him.
7 months ago
Abbas's expertise and dedication were evident from the start, as he guided me through the entire process with ease and professionalism. Attention to detail and proactive approach ensured a swift and smooth approval, far exceeding my expectations. I highly recommend Abbas to anyone seeking efficient and reliable assistance with their financial needs.
4 months ago
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