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, also known as owner builder loans, are tailored for those looking to build, renovate, or extend properties. Unlike traditional home loans, these loans release funds progressively in stages aligned with the completion of your construction project. This structure ensures that you only pay interest on the amount drawn down, giving you financial flexibility throughout the build.
Many lenders will attach different clauses and features to their construction loan policies. For instance, your construction home loans could have a variable rate, with a maximum Loan to Value Ratio (LVR) of 95%. Fundli has extensive experience in owner builder home loans and can help find the right loan with favourable terms.
Whether you’re building your first home or adding to your investment portfolio, understanding your borrowing capacity is the first step. Many clients also explore our investment loan options for building investment properties.
With Fundli by your side, navigating the construction loan process is simpler, more efficient, and designed for success. Let us help you turn your dream into a reality. Call us on 07 5328 3700 to find out more.
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.
