Take advantage of the option to submit progress payments to your builder for your upcoming home construction or renovation project, with the added benefit of paying interest solely on the funds you’ve drawn down.
This option is ideal for both homeowners and investors alike.
Loan repayments are interest only while you’re building and charged only on what you’ve drawn down.
Great to help manage your budget.
Pay your builder as they complete various stages, slab, roof lock up and completion.
It can take time to get going, so there’s no set time on construction commencement after your land settlement.
Your local UFinancial Home Loan Specialist can help guide you every step of the way, from start to completion.
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Frequently asked questions.
We get asked a variety of questions, and here are some links to articles that address the ones that frequently pop up.
How do construction loans work?
Discover how construction loans work and navigate the stages of funding your building project. Learn about staged disbursements and the process from application to completion.
How do you plan your build around your finances?
Discover how construction loans work and navigate the stages of funding your building project. Learn about staged disbursements and the process from application to completion.
Can you finance an uninhabital property?
Gain insights into specialised loans and considerations for financing non-traditional real estate projects.
How do repayments work in a construction loan?
Discover the mechanics of repayments in construction loans and learn how they differ from traditional mortgages. Explore the stages of repayment and understand how interest is calculated during the construction process.
