Construction Loans

Construction loans for essential workers

Building your own home is one of the most rewarding things you can do. We make sure the finance does not get in the way.

Construction loans work differently to standard home loans. Instead of receiving the full loan amount upfront, funds are released in stages as your build progresses. Each stage requires a valuation, lender sign-off, and careful coordination between your broker, builder and conveyancer.

For essential workers, the same profession-specific advantages apply. LMI waivers, full income assessment, and access to lenders who understand how you get paid. We make sure those benefits carry through to your construction loan where they are available.

How Construction Loans Work

Progress Payments

Construction loans are drawn down in stages that align with your build progress. Typically these cover slab down, frame, lock up, fixing and practical completion. You only pay interest on the amount drawn at each stage, which keeps your costs down during the build.

Fixed Price Building Contract

Most lenders require a fixed price building contract before approving a construction loan. We help you understand what the lender needs before you sign with your builder.

Land and Construction Combined

If you are purchasing land and building, we can structure a combined land and construction loan so you are not managing two separate facilities. This simplifies the process and reduces your upfront costs.

Valuation at Each Stage

Lenders require progress inspections and valuations at each draw down stage. We coordinate this process so payments are released on time and your build stays on schedule.

What Essential Workers Can Access

LMI waivers where eligible for your profession, applied to the construction loan
Full income assessment including overtime, penalties and allowances with the right lenders
Combined land and construction loan structures
Access to lenders experienced in construction lending in regional Australia
First home buyer scheme access where applicable including the First Home Owner Grant for new builds
Ongoing support through each progress payment stage

Key Things To Know

Construction loans revert to a standard principal and interest loan once the build is complete
Your borrowing capacity is assessed on the total completed value of the property
Builder selection matters. Lenders have requirements around builder licensing and insurance
Timeframes matter. Most construction loans have a maximum build period, typically 12 to 24 months
Cost overruns are your responsibility. A contingency buffer in your budget is strongly recommended

Our process

Book a discovery call

We understand your land situation, build plans and budget.

01

We assess

We assess your borrowing capacity, identify eligible profession-specific benefits and find the right lender for your construction loan.

02

We manage

We manage the application, approval and each progress payment stage through to completion.