Home Construction Loans Made Simple & Stress Free
Planning to build your dream home, complete a knock-down rebuild or take on a major renovation? Getting the right home construction loan in place is just as important as choosing the right builder.
At CJG Finance, we specialise in home construction financing. As experienced construction finance brokers, we compare lenders, explain how construction loans work and help you structure your finance so you can focus on the build rather than the paperwork.
We take the time to understand your plans and then tailor your home construction loan so it supports you from first deposit to final handover.
Whether you are building on the Sunshine Coast, in Brisbane or anywhere across South East Queensland, our team is here to act as your trusted construction loan broker, guiding you at every stage.​
Flexible Finance To Bring Your New Home To Life
Choose CJG Finance and let our dedicated home construction loan broker help you lay the first stone of your new home with confidence. From securing the optimal loan package to managing payments and transitioning to a mortgage, we're with you every step of the way.
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Ready to turn your blueprint into reality? Contact us today to find out how we can help build your future.
What Are Home Construction Loans?
Home construction loans are short-term financing solutions used to cover the cost of building a new home or undertaking significant renovations. Unlike traditional home loans, these are disbursed in staged payments, aligned with key milestones in your construction project. This means you only pay interest on the amount drawn down, not the total loan commitment, optimising your cash flow and minimising interest costs.
How Does Home Construction Financing Work?
Home construction financing can be more complicated than a regular home loan based on the number of stakeholders involved. You’ll likely be working with architects, builders, tradies, surveyors, project managers, solicitors and the local council. That’s why it helps to have someone in your corner to help find the right construction financing solution and understand the process and paperwork involved in obtaining a home building loan. The key stages in the finance process include:
Step 1: Pre-Approval
Start your build on solid ground with pre-approval. Understand exactly how much you can borrow and what your budget for construction will be.
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Step 2: Stages of Loan Release
Funds from a construction loan are released in phases as the building progresses:
(Typical fixed price building contract)
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Base: Covers the initial and foundational works.
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Frame: Ensures the structure is sound and secured.
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Enclosed: Windows, doors, and the roof are installed to secure the building.
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Fixing: Electrical wiring, plumbing, cabinets, and tiles are fitted.
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Practical Completion: Final touches before the keys are handed over.
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Step 3: Inspection and Verification
Each stage payment is subject to inspection to ensure construction meets predefined specifications and quality standards. This requirement does vary between lenders.
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Step 4: Transition to Permanent Financing
Upon completion, your construction loan can be converted into a permanent mortgage, simplifying the transition from builder to homeowner.
Why Use A Construction Loan Broker?
Construction lending criteria can be more complex than a standard home loan. Each lender has its own rules around:
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The type of build or renovation
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How progress payments are managed
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Required deposit or equity
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Accepted builders and building contracts
Working with a specialist construction loan broker means you are not trying to navigate all of this on your own. CJG Finance will:
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Review your plans, budget and timeframe
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Compare a wide range of lenders, not just one bank
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Help you understand interest only periods and how repayments will work
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Liaise with your builder and lender around progress payments
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Keep you updated from approval through to final drawdown
As construction finance brokers, our role is to save you time, reduce stress and help you secure a loan that fits your project and long term goals.
Why Choose CJG As Your Construction Loan Broker?
MFAA Excellence Awards State Finalist 2023
At CJG Finance, we specialise in matching clients with the best home construction financing options available. Here's what you can expect when you work with us:
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Expert Guidance: Navigating construction finance can be complex. Our expert construction loan broker will bring expertise and clarity to the process, ensuring you understand each step and requirement.
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Tailored Solutions: Every construction project is unique. A CJG Finance broker can tailor a loan to suit your specific needs, helping you save time and money.
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Streamlined Process: We handle the complexities of loan coordination and administration, providing a seamless link between you, the builders and your lender.
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Find Suitable Rates and Terms: With access to a panel of over 30 lenders, CJG Finance brokers can secure competitive rates and favourable terms, making your home construction project more affordable.
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With years of experience working in the finance industry, we understand the way banks and lenders operate and we aim to make the process of securing home construction finance simple and stress-free. Remember - we work for you, not for the banks.
100%
5 star reviews
Rated 5 out of 5 by all our customers on Google and Facebook.
Direct access to 25+ lenders
A extensive lending panel gives us more options to find the right loan solution.
Higher chance of approval
We know the what lenders are looking for and can increase your chances of approval.
Experienced industry experts
Many years experience mean a deep knowledge of the finance industry & lending market.
Always in
your corner
We work for you not the bank so we're always in your corner negotiating the best terms.
Deliver
great results
We always aim to deliver the best possible results for our clients.
Testimonials For Our Construction Finance Broker
Meet Our Home Construction Loan Broker: Colin Green
Managing Director Colin Green has been in the finance industry since 2008, over this time he has acquired a wealth of industry knowledge and experience assisting commercial customers. Passionate about connecting with his customers on a personal level, Colin understands relationships are key to a successful partnership.
He prides himself on being reliable, responsive and a “real go getter”, ensuring you are well informed from start to finish and beyond.
Working with clients across a diverse range of sectors, no customer is too big or too small and Colin has the skills and expertise to secure the right finance option for you or your business.
Outside of finance he keeps busy chasing his two young sons around, supporting his not so successful NRL team (not to be disclosed) and exploring the coast with his wife.
FAQs About Home Construction Financing
What is a home construction loan?
A home construction loan is a type of finance used to fund the building or major renovation of a residential property. Instead of receiving the full loan amount upfront, funds are released in stages to match your builder’s progress payments. You usually pay interest only on the amount that has been drawn during the build, then the loan can convert to a standard principal and interest home loan once construction is complete.
How does home construction financing work?
With home construction financing, your lender will approve a total loan amount based on your land value, build contract and overall financial position. The loan is then paid out in instalments at agreed stages, such as slab, frame and lock up. Before each payment, the lender may request an inspection or valuation to confirm progress. You make repayments on the drawn balance only, which helps manage your cash flow during the build.
How much deposit do I need for a home construction loan?
The deposit required for a home construction loan can vary by lender and by your overall situation. As a general guide, many lenders look for at least 10 to 20 per cent in genuine savings or equity, although this can change if lenders mortgage insurance is involved. As your construction loan broker, CJG Finance will review your deposit and equity position and explain what is realistic for your situation.
Can I use equity in an existing property to fund construction?
Yes, many clients use equity in an existing home or investment property to fund some or all of their construction costs. This can reduce the need for upfront cash savings. We can help you understand your available equity, how much you may be able to borrow against it, and how to structure the loans so they remain manageable over time.
Why should I use construction finance brokers rather than go directly to a bank?
Banks only offer their own products, which can limit your options. Construction finance brokers like CJG Finance have access to a wide range of lenders and loan structures. We can compare interest rates, fees, policies and features across the market, then recommend options that match your build, budget and long term goals. You also gain a single point of contact guiding you through the entire process.
Can I get a construction loan as an owner builder?
Owner builder construction can be more complex from a lending perspective and not all banks are comfortable with this type of project. Some lenders will consider it with additional requirements and conditions. CJG Finance can help you understand which lenders may be suitable and what paperwork or experience you will need to demonstrate.