About Construction Home Loan
As a mortgage broker, you hold the key to unlocking flexible, tailored construction loan solutions for your clients. Our construction loans aren’t just about financing – they’re about helping your clients achieve their dream home, without the stress of overpaying or the burden of paying interest on unfinished work. With options for traditional arm's length builders, permit-holding own builders, and licensed owner-builders, your clients will feel empowered and in control of their project from start to finish.
How do construction loans work?
As a licensed mortgage broker, you have the unique opportunity to help your clients turn their dream of building a home into reality. Whether they’re planning a new build or a knockdown and rebuild, the right financial solution is essential—and that’s where a construction mortgage comes in.
Construction mortgages offer your clients the flexibility and security they need during the building process. With staged payments aligned to key construction milestones, this type of loan ensures they’re only paying interest on the funds that have been released, not the entire loan amount. This can significantly ease their financial burden as they watch their dream home take shape.
With a fixed-price contract from their builder, you can guide your clients through a smooth, transparent process where payments are made at key stages of the project. Once their home loan is approved and the land is settled, they have up to 24 months (preferably 12) to complete construction, giving them plenty of time to make sure everything is just right.
By recommending a construction mortgage, you’re not just offering a loan—you’re providing peace of mind, financial control, and a clear path for your clients to achieve their homeownership dreams. Show them that with your expertise and the right mortgage, building their perfect home is not just possible—it’s within reach.
Here’s why our construction loans stand out
Encourage your clients to ask the all-important question: What does "cost to complete" mean? It's crucial to ensuring their project stays fully funded and on track, so they avoid delays and costly shortfalls. By guiding them through this process, you’ll be positioning yourself as their trusted advisor, with the expertise to navigate even the most complex financial matters.
We offer a range of documentation options to suit every type of borrower:
1. Full Doc – Perfect for clients with steady income and strong financials. This option keeps things simple, with full transparency and maximum borrowing power.
2. Alt Doc – A great choice for self-employed clients or those with irregular income. With alternative documentation options like BAS statements or accountant declarations, you can help them secure funding even when their situation is outside the box.
3. Lo Doc – Ideal for clients who may not have all standard documentation but can still demonstrate income through partial evidence such as bank statements.
4. No Doc – Even for clients with significant assets but no income documentation, we offer flexible solutions, providing peace of mind and the opportunity to build without the paperwork..
Here’s where you shine
During the construction phase, your clients only need to worry about making interest repayments, giving them financial breathing room as the project progresses. And because our loans offer up to 98% LVR, you’ll be ensuring your clients get the maximum funding possible, all with the security of an independent valuer’s opinion to minimise risk. No overpaying, no surprises – just a clear path to completing their dream home.
For clients tackling bigger projects, like up to 4 dwellings on a single title, we’ve got them covered with loans up to 85% LVR. Whether they’re working with a traditional builder or taking matters into their own hands as licensed owner-builders, you’ll be offering them the flexibility they need to make it happen.
For clients tackling bigger projects, like up to 4 dwellings on a single title, we’ve got them covered with loans up to 85% LVR. Whether they’re working with a traditional builder or taking matters into their own hands as licensed owner-builders, you’ll be offering them the flexibility they need to make it happen.
Now’s the time to show your clients what’s possible. Let’s help them build their dream, one stage at a time.
