Construction Loans

A structured, step‑by‑step lending process built to guide you confidently from plans to handover

Construction loans are very different from standard home loans they involve staged drawdowns, builder contracts, council approvals, progress inspections and interest‑only payments that change as your build progresses. Many borrowers feel overwhelmed by the complexity, and that’s exactly why we’ve built a robust, end‑to‑end construction lending process designed to keep you informed, supported and in control at every stage.

With access to 70+ lenders and deep experience in construction, investment and SMSF lending, we help you secure the right loan structure and guide you through every milestone of your build.

How construction loans work

Construction loans release funds in stages as your build progresses. Instead of receiving the full loan upfront, the lender pays your builder at key milestones such as slab, frame, lock‑up and completion. This staged approach means:

• You only pay interest on the funds drawn

• Your repayments increase as each stage is completed

• Lenders require inspections before releasing funds

• Builder contracts and progress schedules must meet policy requirements

This structure protects you, the lender and the builder but it also means the process must be managed carefully.

Why choose Savvy Home Loans for construction lending

• A robust, proven construction‑loan process built from years of experience

• Expertise across owner‑builder, turnkey, knock‑down rebuild and major renovation projects

• Deep understanding of builder contracts, progress payment schedules and lender requirements

• Strong relationships with lenders who specialise in construction lending

• Guidance on cash flow, interest‑only periods and long‑term loan structure

• Support for investment builds and SMSF construction lending where applicable

• A dedicated team who coordinates with your builder, lender and solicitor to keep everything moving

Types of construction projects we support

• New home builds

• Knock‑down rebuilds

• Major renovations and extensions

• House and land packages

• Owner‑builder projects (case‑by‑case)

• Investment builds

Common challenges we help you avoid

• Unexpected progress‑payment delays

• Builder contract issues

• Valuation shortfalls

• Cash‑flow pressure during interest‑only periods

• Variations and cost overruns

• Lender policy differences

• Misalignment between builder timelines and lender processes

Build with confidence

Whether you’re building your dream home or an investment property, our robust construction‑loan process gives you clarity, structure and support from start to finish

1. Discovery & strategy

We learn about your goals, budget and timeline, then map out your borrowing options.

2. Compare lenders

We assess products from 70+ lenders to find competitive rates and policies that suit your situations. Helping you weigh fixed versus variable interest rates, exploring offset accounts and interest rate discounts.

3. Pre-approval

We prepare and submit your application, ensuring your file is strong and supported.4. Final approval

4. Final approval

We liaise with the lender, solicitor and agent to keep everything moving smoothly.

5. Settlement & beyond

We stay with you long after settlement, reviewing your loan regularly to ensure it stays competitive.