Home Construction Loans

How do Construction Loans work?

Whether you are looking at building your first home, your next home or to add to your investment portfolio, it pays to work with and experienced team of finance professionals like the brokers at Blackburne Mortgage Broking.

Construction loans differ slightly from regular home loans and each lender has their own unique processes and policies during the build journey.  It therefore makes sense to team with someone who is experienced and knowledgeable about financing a newly built home.  Our goal is to not only help you construct your dream home but to understand the process and not be daunted by it.

Our brokers understand that constructing a new property can be costly as while your new home is being built you still need to live somewhere, whether that means paying rent or servicing an existing mortgage. Our goal will be to source a new loan product that is cost effective to ease the burden during this time of transition.

How our construction loan brokers can help

Our construction loan brokers have worked with scores of clients, guiding them through the unique process of building a property so you can rest assured that your construction finance is in safe hands.

From helping you understand what your borrowing capacity is in order to work out a price point, to structuring your construction home loan to work best for your own unique requirements, they will ensure you are on the right track from the outset.

We’re experienced in all types of construction lending

If your plan is to build as part of a house and land package or as a separate land and construction scenario, we guide you through the process each step of the way.

Once the build is ready to commence, our team will liaise with your builder and submit your progress claims to your lender on your behalf ensuring that payments are made on time and the construction is not held up.

Our aim is to ensure the build process is as seamless and stress free as possible.