Build your dream home with the right finance behind you.
From land purchase to the final build stage, Ezy Finance Deals can help you understand your construction finance options and keep your loan journey moving with confidence.
Let's talk about your build
Tell us a little about your project and we'll help you understand the next steps.
A construction loan is different from a standard home loan.
When you build a home, the lender generally doesn't release the entire loan amount on day one. Funds are typically made available progressively as construction reaches agreed milestones.
That means your finance needs to work with your building contract, land position, construction budget, valuation and expected progress payments.
Ezy Finance Deals helps you work through these moving parts and compare suitable options across our lender network.
Plan before you build
Understanding your borrowing position before signing contracts can help you avoid surprises later.
Construction loan features to understand
The right structure can make managing your finance during the build much easier.
Progressive drawdowns
Funds can be released in stages as agreed construction milestones are completed.
Interest on drawn funds
Depending on the loan structure, interest may be calculated on the amount actually drawn rather than the full approved facility.
Land and build finance
Some lending solutions can help coordinate your land purchase and construction finance.
Flexible lender choice
Different lenders have different policies, so comparing options can be valuable for your circumstances.
Construction finance can suit different types of projects.
Your project doesn't have to look exactly like someone else's. The important part is matching the finance structure to your property, contract and financial position.
New home builds
Building a new home on land you already own or plan to purchase.
Knock-down rebuilds
Replacing an existing property with a new home may require a carefully structured finance plan.
Major renovations
Some substantial renovation projects may require construction-style finance rather than a simple top-up.
Land + build packages
For eligible borrowers, land and construction costs may be considered together.
From planning to completion
We help you understand what happens at each stage so there are fewer surprises along the way.
Assess your position
We look at income, expenses, existing debts, deposit or equity and your overall borrowing position.
Plan your budget
Consider the land, build contract, variations, other costs and a realistic buffer for the project.
Prepare documents
Plans, specifications, building contracts, quotes and financial documents may be required.
Compare lenders
We compare relevant lender policies and loan structures based on your circumstances.
Approval and settlement
Once approved, the land and/or construction facility can move through to settlement.
Progress payments
Funds are progressively released as construction milestones are completed and requirements are met.
Your builder gets paid as the project progresses.
The exact number and names of construction stages can vary by lender and building contract. A common residential construction sequence includes several key milestones.
Early structural works are completed.
The home's structural frame takes shape.
External walls, windows and doors reach the required stage.
Internal fixtures and finishing works progress.
Final works, inspections and completion requirements are addressed.
The loan transitions according to the approved lender structure.
Construction loan requirements
Income and servicing
Your income, expenses and existing commitments help determine how much you may be able to borrow.
Deposit or equity
Your available savings, land equity or other acceptable contribution can form an important part of the application.
Building contract
A suitable fixed-price building contract and supporting specifications may be required by the lender.
Plans and specifications
Detailed plans, specifications and project information help the lender assess the proposed property.
Property valuation
The lender may require a valuation based on the land and proposed completed property.
Credit history
Your credit profile and broader financial position can influence lender assessment and available options.
Get your paperwork ready early.
Having the right documents ready can make the application process more efficient. Exact requirements vary between lenders and applicants.
Don't forget the costs outside the builder's contract.
Your construction budget should consider more than the headline building price. Depending on your project, there may be costs that need to be funded separately or included in your overall planning.
You don't have to navigate construction finance alone.
Construction finance has more moving parts than a straightforward purchase. Our role is to help you understand the options, prepare the application and communicate with the lender throughout the process.
Build with a plan. Finance with confidence.
Whether you're buying land, building your first home, upgrading for your family or undertaking a major renovation, Ezy Finance Deals can help you explore a finance path that fits your goals.
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Let's work out your construction finance options.
Speak with Ezy Finance Deals about your land, build or renovation plans and take the next step with a clear finance strategy.