Building your dream home doesn’t have to be a complicated process. If you're looking to construct your ideal property in Hervey Bay, we’ve got you covered with flexible construction home loans designed to make your dream home a reality.

We specialise in helping homebuyers secure construction loans with minimal hassle, no hidden fees, and the best possible rates. We guide you through every step of the process, ensuring you have the support you need to turn your vision into a home.

How Construction Home Loans Work

A construction home loan is specifically designed for those looking to build a new property rather than buying an existing one. Here’s how it works:

Loan Disbursements in Stages: Construction loans typically provide the funds in stages, or "progress payments," as your home is being built.

Interest-Only Payments During Construction: You only pay interest on the amount of the loan that has been drawn down at each stage of the build, helping keep payments manageable.

Loan Amount: Once the construction is complete, the loan can convert to a standard home loan with regular repayments.

How Much Deposit Do You Need?

When securing a construction loan, most lenders typically require a deposit of

10-20% of the total construction cost.

However, with our expert help, we can help you navigate the best options based on your individual financial situation.

Government Assistance for Your Construction Loan

There are several government schemes available to help first-time homebuyers and those building their homes:

First Home Owner Grant (FHOG): Up to $15,000 for eligible buyers who are building or purchasing a newly constructed home.

First Home Guarantee (FHBG): Secure a loan with just a 5% deposit (no LMI!) if you're a first-time buyer.

Stamp Duty Concessions: Save on stamp duty with reduced rates for eligible first-home buyers in Queensland.

We’ll help you determine which programs you qualify for and ensure you make the most of the benefits available.

Why Choose Us for Your Construction Loan in Hervey Bay?

We go beyond just securing a loan.

We’re committed to guiding you through every step of your home-building journey.

Here’s why you should choose us:

✅ We Offer Cash Back: Receive a portion of our commission back to YOU, every month, for the life of your loan.

✅ Independent Advice: As 100% independent brokers, we’re dedicated to finding the best loan for YOU, not the lender.

✅ No Hidden Fees or Complex Jargon: We’ll walk you through the process in simple, clear terms, and ensure you're not caught off guard by unexpected costs.

✅ We Do All the Work: From securing pre-approval to handling paperwork and liaising with builders, we’re with you every step of the way.

Avoid Common Pitfalls in Construction Loans

Construction loans come with their unique set of challenges, but with our expert guidance, we’ll ensure you avoid common pitfalls such as:

Overbudgeting and cost overruns

Difficulty in securing progress payments

Hidden fees or unfavourable loan terms

We’ll help you stay on track, ensuring your project is completed within budget and on time.

The Construction Loan Process (Step-by-Step)

Here’s how we help you get a construction loan:

Assess Your Needs: We’ll review your financial situation, construction plans, and deposit amount.

Find the Right Loan: We compare options across a range of lenders to secure the best terms for you.

Secure Pre-Approval: Get pre-approved before you start building, so you’re ready to go.

Work with Your Builder: We assist with progress payments and ensure you meet all required milestones.

Move Into Your New Home: Once your home is completed, we’ll help you convert the loan to a standard home loan and settle in.

Ready to Build Your Dream Home in Hervey Bay?

You don’t need to navigate the complex world of construction loans alone. Let us help you secure the funding you need to build your dream home with ease and confidence.

📞 Call us now on 0483908133 or book a free consultation today.

We’re here to make your home-building journey simple, affordable, and stress-free!