A construction loan pays your builder in stages as work is completed, and you pay interest only on what has been drawn. We arrange home and land packages (the land purchase and the build in one loan), new builds on land you already own, knock-down rebuilds, owner-builder, renovation and incomplete-build finance.
Construction lending is assessed on your land, your fixed-price building contract and your plans, and the lender values the home as it will be when finished. The usual problems are timing and gaps: a variation mid-build that the loan does not cover, or a lender whose drawdown process slows your builder down.
| Loan | For |
|---|---|
| New home construction | Building on land you own or are buying |
| Knock-down rebuild | Replacing your existing home, using the land's equity |
| Owner-builder | Managing the build yourself (fewer lenders; stricter criteria) |
| Renovation and extension | Major works funded in stages |
| Incomplete build finance | Finishing a build after a builder leaves or funds run out |
| Low doc construction | Self-employed owners without full financials |
Often missed: combining land and construction in one loan, refinancing mid-build to a better lender, and paying interest-only during construction to protect cash flow.
For owners building, or knocking down and rebuilding.
Tap any one to read the detail.
Starts with a free assessment
The lender that funds your loan pays us a commission when it settles. If a fee ever applies, for example on a complex or commercial loan, it is agreed in writing before any work starts, and our credit guide sets out exactly how we are paid.
“Highly recommend Mortgage Pass. Excellent service from start to finish. Julie made the whole process so much easier! She’s extremely thorough, goes above and beyond to find the best deal, and keeps you updated every step of the way. Very professional, knowledgeable and always happy to help. If you’re looking for a reliable and helpful broker, Julie is your go-to!”
“We wanted to cash out against our home to renovate and had no idea where to start. Julie was so helpful from day one. She walked us through all our options, explained the numbers clearly, and found us a great deal that let us access the equity without messing up our existing loan. Communication was excellent the whole time, everything was handled quickly and settlement was smooth. Made what could have been stressful actually really easy. Highly recommend Julie if you need a mortgage broker.”
“We couldn't recommend Julie from Mortgage Pass highly enough! From the very beginning, Julie was professional, knowledgeable, and incredibly supportive throughout what turned out to be a challenging loan process. Thanks to Julie's hard work and determination, we've secured the finance to build our dream home. If you're looking for a mortgage broker who will go the extra mile, Julie is the person to call. Thank you, Julie, we're so grateful for everything you've done to help make our dream a reality!”
These are just some of the local suburbs we cover.
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