A streamlined and stress free loan process experience while embarking on the construction journey of your dream home

Construction home loans are specifically designed for the development of new properties, knock down and rebuild projects, or major home renovation projects. These loans require the borrower to have a fixed-priced building contract in place before they can be approved. Unlike standard home loans, the funds for construction home loans are released to the builder in stages, often referred to as progress payments. This payment schedule generally consists of five phases, starting from the base stage, then frame, lock-ups, fit, and finally completion. Typically, interest only is charged on the amount of the loan that has been drawn down. Once construction is completed, the loan will revert back to being principal and interest only. Our team will assist you throughout the construction loan application process, ensuring a streamlined and stress free experience as you embark on your home construction journey.

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