Overview
Construction loans work differently — funds are drawn down in stages as building progresses. We help you understand the process and find a lender that suits your build.
Who It's For
People building a new home, whether on land they own or as part of a house-and-land package.
Benefits
Progressive drawdown structure
Pay interest only on drawn funds
Fixed price contract options
Owner-builder options available
House and land packages
Progress payment management
The Process
1
Review building plans and contracts
2
Assess borrowing capacity
3
Find suitable construction lender
4
Manage progressive drawdowns
5
Convert to standard home loan on completion
What Lenders Look For
You'll need council-approved plans and a fixed-price building contract from a licensed builder. Owner-builder loans have stricter requirements.
Frequently Asked Questions
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