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New Houses

Construction Loans

Building a home can be a challenging process, but with our Construction Loan, it doesn't have to be. As your trusted mortgage broker, we specialize in offering this unique financing option to help you build your dream project. Our streamlined process and personalized advice will make your journey towards homeownership as smooth as possible.

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Our construction loans suit borrowers looking to complete construction of a single dwelling right through to small-medium development projects.

 

Our highly competitive construction loan product is suitable for the construction of 1-2 residential dwellings.

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Our flexible construction loan supports both full document and low document loan types and can accommodate single dwelling builds for new homes, investment properties and or dual occupancy townhouses/villas.

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Our construction loans work on a progressive draw down basis, usually in line with your domestic building contract.

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Once the dwelling(s) are complete the residential construction loan converts into a standard home or investment loan.

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With so many moving pieces to take care of before moving into your peaceful home, we understand the importance of getting it right.

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We are here to partner with you on this journey. 

Construction Loan Features

​Our construction loan can be for used for single to small development real estate projects with flexible features. They are flexible and tailored to your needs. 

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Features include​​

  • Purchase or refinance up to 70%

  • Full doc and low doc options

  • Construct 1-2 residential dwellings

  • Credit impairments considered

  • Loan terms up to 30 years

  • No mortgage insurance

  • No credit scoring

  • Vacant land considered

  • Lending Australia wide

Qualifying for Construction Finance

Ensure you have sufficient funds to contribute at land settlement

Documents including A4 plans and project specification required

You must have a completed project specification & fixed price building contract or tender quote from a licensed builder

The Project site must not gave commenced any construction whatsoever

Construction Loan Progress Draws

Construction Workers
Wood Frame of House
Construction Site
Renovation Construction
Large Modern House with Pool

Calculate your borrowing power

Checklist

Download your free  home loan checklist

With this guide, we have provided some basic information you need to know and have for your first home loan. We hope you find value in this resource. 

 2024 UZO Finance Group PTY LTD

UZO Finance, Credit Representative Number 555279 is authorised under Australian Credit License Number 405961.

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This website has been prepared without considering your objectives, financial situations or needs. Before acting on the advice on this website, you should consider whether it is appropriate for your circumstances. Please contact UZO Finance Broker to discuss your unique circumstances for a personalised loan strategy which suit your needs. 

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Note: As with any financial scenario there are risks involved. This comparison tool provides an illustrative overview or summary only based on stated assumptions and your inputs and it should not be considered a comprehensive analysis. Calculations are meant as estimates only and it is advised that you consult with an independent professional lending or taxation expert as appropriate specific to your objectives, financial circumstances or needs. UZO Finance experts can guide you through the loan process. Information included in the illustration has been sourced from third parties and has not been independently verified. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.​​​​

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Ground Floor Office 2328/470 St Kilda Road, Melbourne VIC, 3004

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