Construction Loans
Fund your new build, upgrade or renovation with a Construction Loan organised by a Finance & Mortgage Broker at Savvy Home Loans

Rated 5 from 85 Reviews
Rated 5 from 85 Reviews
Building a new home or embarking on major home renovations requires careful planning and financial consideration. At Savvy Home Loans, we specialise in helping clients access construction loan options from banks and lenders across Australia. Whether you're planning to demolish an existing property or buy off the plan, our team is here to guide you through the process. From understanding interest rates to managing progress payments, we offer a streamlined application process designed to make your dream home a reality.
When applying for a loan, it's essential to understand the various stages of the project and how construction loans work. Unlike regular home loans, construction loans are paid out in instalments, known as progressive drawdowns. This means you only pay interest on the amount drawn down, providing a cost-effective way to finance your build. Interest-only repayment options are also available during the construction period, allowing you to manage your cash flow effectively.
Choosing the right loan amount is crucial, and our experienced brokers can help you determine what fits your budget and price range. We'll assist you in making a plan that considers all aspects of the build, including council plans, permits, and any council restrictions or regulations. Additionally, our expertise extends to understanding 'as if complete' valuations and Progressive Payment Schedules. These elements are vital as they ensure you have the necessary funds available at each stage of construction to pay sub-contractors, such as plumbers and electricians.
To facilitate a smooth process, it's important to commence building within a set period from the Disclosure Date. Our brokers will guide you through securing suitable land and submitting a development application, ensuring all council regulations are met. We also advise on managing Out of Contract Items not included in the initial agreement, which may require additional payments. Understanding these aspects can prevent unexpected costs and delays.
For those considering a new build, finding the ideal location that suits your lifestyle and budget is essential. Our team will work with you to explore suitable land options that align with your vision. If you're considering major home renovations instead, we can help assess whether a construction loan or a home improvement loan is more appropriate for your needs.
As part of our commitment to simplifying the borrowing process, we offer guidance on managing construction milestones and ensuring payments align with progress. This includes understanding Progressive Drawing Fees and how they impact your overall borrowing.
Savvy Home Loans is dedicated to providing comprehensive support throughout your construction journey. By offering access to competitive construction loan options from reputable banks and lenders across Australia, we ensure you're equipped with the best possible financial solution for your project. Our team is ready to assist you with every step – from applying for a loan to finalising your dream home. Contact us today to discuss your construction plans and discover how we can help bring them to life.
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Vicki Kerr
Savvy Home Loans made our dream come true! They understood our vision and had the knowledge and skill to make it happen. Other brokers pale into insignificance by comparison. Leanne Pon is Director of the company and a brilliant financial strategist, who is supported by an outstanding team including her son Jarrad. Our service experience was flawless. Their communication, expertise and dependability were second to none. There is no other mortgage broker I would consider using and I trust Savvy completely to look after our future needs. It was an absolute delight to engage with such an exceptional service provider. I only wish I had discovered Savvy earlier, but at least I can be grateful that I'm a Savvy client now. Thank you Leanne, Jarrad and Emma!
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Ridesofourlives
We can't thank Savvy Home Loans enough for helping us secure our first home 10yrs ago and have now helped us save thousands of dollars by us switching lenders! Their service and expertise is truly 5-star! They are professional, friendly, and always willing to go the extra mile. We've already recommended them to all our friends and family, and we’ll continue to do so! If you're looking for someone who genuinely cares and delivers results call the team at Savvy Home Loans!!
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Wendy Hand
Working with Savvy Home Loans and Emma has been an absolute pleasure. The entire process was seamless from start to finish. The platform is incredibly user-friendly, making each step simple and straightforward. Emma was fantastic to communicate with always responsive, clear, and genuinely supportive throughout the journey. What really stood out were the out-of-the-box solutions Emma brought to the table. If you're looking for a smart, stress-free way to secure a home loan, I can't recommend Savvy Home Loans and Emma highly enough!
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Mick Lindsay
Amazing! We had a tough timeline, unusual conditions, unique structure and they nailed it. Emma is efficient, friendly, great communication. Spent the last 2 days moving into our dream house, would highly recommend!
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Krystal Gray
Emma was so incredible at helping us get our finance! I can’t even begin to describe the amount of effort and dedication she put in for us. We through so many hurdles her way, but she managed to make it work in such a short time frame. All while remaining friendly and professional to deal with. No way we would of got it done without her. Thanks Emma! ☺️
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Ning Cing
The Savvy Home Loan team has been exceptionally helpful—efficient, professional, proactive, and incredibly knowledgeable. They consistently go above and beyond to secure our investment loan. We couldn’t recommend them highly enough. Leanne, Emma, Derrick, and Jarrod—it’s been a pleasure working with you. Donald and I feel very fortunate to know you and to have received your support. Well done, team!
We examine an extensive selection of financial products from banks, credit unions, and lending institutions nationwide. This enables us to review thousands of available options and ensure we consistently recommend the most suitable home loans for our clients.
We love working with first-time home buyers! Our team has comprehensive expertise in the entire home buying journey and can guide you toward securing the appropriate home loan. We're also well-versed in the various programs designed to support first-time buyers, including the First Home Owners Grant and different stamp duty exemptions that may be available.
Absolutely! We're confident in our ability to locate the most competitive interest rates for your refinancing needs, whether you're dealing with a residential home loan or an investment property loan.
Every one of our mortgage brokers maintains full accreditation and holds membership with the Mortgage and Finance Association of Australia. They demonstrate the highest level of professionalism and deliver outstanding service across various lending solutions.
Our services extend beyond home loans to include investment property loans, construction financing, vehicle loans, personal loans, and numerous other lending products. If you need financing for a purchase, we can likely provide assistance.
Mortgage brokers serve as your advocate in finding the most appropriate loan from major banks, smaller financial institutions, or alternative lending sources. We offer access to a comprehensive range of products that exceeds what any individual lender can provide, allowing us to handle all the research and comparison work to identify the perfect loan solution for your specific needs.