Building your dream home or commercial property is an exciting journey, but it requires the right financial foundation.
At Fundli, we specialise in construction loans on the Sunshine Coast, tailored to your needs. Whether you’re a first-time builder or a seasoned investor, our construction finance brokers are here to guide you every step of the way. From land and construction packages to knock-down rebuilds across Mooloolaba, Caloundra, and beyond, we make construction finance simple.
Construction loans are specialised home loans designed for building new homes, renovations, extensions, knockdown rebuilds, and investment construction projects.
Unlike a standard home loan, construction finance is released progressively throughout each stage of the build. This means you generally only pay interest on the funds drawn down during the construction process rather than the full loan amount upfront.
Construction loans can be used for:
Because construction lending can involve different lender policies, timelines, and builder requirements, working with an experienced mortgage broker can help simplify the process and avoid unnecessary delays.
Construction loans are usually released in stages throughout the build process. These are known as progress payments.
Funds are generally released at key stages including:
This structure helps ensure payments align with the progress of the build while also reducing the amount of interest charged during construction.
At Fundli, we help clients understand how progress payments work and ensure the finance structure suits both the build timeline and overall budget.
Yes. Many first home buyers choose construction loans when building a new property or purchasing a house and land package.
Construction loans may also allow eligible buyers to access:
Our mortgage brokers help first home buyers understand their borrowing capacity, deposit requirements, and finance options before starting the building process.
Construction lending can be more complex than a standard home loan, with lenders all having different policies around builders, progress payments, valuations, and loan structures.
Working with a mortgage broker gives you access to:
At Fundli, we help simplify the process and provide support from application through to settlement and beyond.
In some cases, homeowners may be able to use existing property equity to help fund a new build, renovation, or investment construction project.
Using equity may reduce the upfront cash deposit required and improve borrowing flexibility depending on your financial position and lender policies.
At Fundli, we help clients explore construction finance strategies tailored to their circumstances and future goals.
Access To Multiple Lenders
We compare construction loan options from a wide range of lenders to help you secure competitive rates and loan structures tailored to your project.
Support Throughout The Entire Build Process
From pre-approval through to final completion, we guide you through every stage of the construction loan journey.
Flexible Construction Finance Solutions
Whether you’re building your first home, renovating, or financing an investment property, we tailor finance solutions around your goals and circumstances.
Local Sunshine Coast Knowledge
We understand the Sunshine Coast property market and regularly assist clients building across Mooloolaba, Buderim, Maroochydore, Caloundra, Noosa and surrounding suburbs.
Assistance With Land And Construction Packages
Purchasing land first? We can also assist with land loans and transitioning into construction finance when you’re ready to build.
Most lenders don't want to offer traditional loans to those wanting to build their own property, for this, they will offer a construction loan.Fundli’s brokers will guide you to the right loan.
A construction loan is a type of home loan designed specifically for borrowers who are building or renovating a property, rather than purchasing an existing one. Typically, these loans have shorter terms and offer interest-only payments during the construction phase, transitioning to a standard mortgage once the build is complete.
These loans provide funds to pay your licensed builder in stages, aligning with the completion of specific parts of your renovation. These payments, known as ‘progressive drawdowns’ or ‘progress payments,’ are released as your construction project advances, rather than in a single lump sum. As each stage of work is completed, you receive an installment of the loan, ensuring that you have the financial support needed as the build progresses.
Absolutely. Many first home buyers on the Sunshine Coast choose to build rather than buy established. At Fundli, we help you access first home buyer benefits and structure construction loans with deposits as low as 5% (subject to lender approval and Lenders Mortgage Insurance). We'll guide you through the entire process from land purchase to practical completion.
A standard home loan provides the full amount upfront to purchase an existing property. A construction loan releases funds progressively as your build reaches key stages (base, frame, lock-up, fixing, completion). You only pay interest on the amount drawn down at each stage, which can save you money during the build. Once construction is complete, the loan typically converts to a standard home loan.
Approval timeframes vary by lender, but typically take 5-10 business days once we submit a complete application with your building contract, plans, and financial documents. At Fundli, we pre-qualify your application and work with lenders who understand construction finance, which speeds up the process considerably.
Yes. Construction loans aren't just for new builds, they're also ideal for major renovations, extensions, or knock-down rebuilds. If you're looking to refinance and access equity for renovations, we can structure that too.
Not necessarily. We can arrange land and construction packages that finance both the land purchase and the build in one loan. This is common for buyers purchasing house-and-land packages or vacant blocks on the Sunshine Coast.
