Residential Construction Loans present you with the opportunity to finance construction of residential property assets, such as houses, town houses, home units, and villas.

These loans can easily convert to a straight home/investment loan at the end of the construction period. 

Generally before applying for a construction loan you will need the following:

• Council approved plans and specifications for the proposed construction;
• A fixed price contract from a licensed builder for the construction;
• A copy of builders insurance which must be current during construction.
• Getting your project valued

Getting your project valued

A specialist valuer will be assigned to your project to estimate it’s completed value.
At the completion of each construction phase the valuer will check the progress of your project and will ensure that the work has been completed as required per the contract. Only once this check is completed, progress payments will be advanced to your builder.