Whether you're starting from the ground up or undertaking a major structural renovation, a construction loan is a powerful financial tool designed to support you through each stage of your build.
Unlike traditional home loans, a construction loan releases funds in stages as your build progresses, aligned with key construction milestones. This staged approach means you only pay interest on the funds drawn down, helping manage cash flow more effectively during the build.
We can assist you across a wide range of construction scenarios, including:
No matter the project type, we streamline the process to give you clarity, control, and confidence throughout your build journey.
Give us a call, and your dedicated mortgage broker will be in touch to learn more about your plans. We’ll take the time to understand your goals, assess your financial position, and walk you through the best options tailored to your build.
Get conditionally approved so you can move forward with confidence.
We review your builder’s credentials, building contract, and timeline to ensure compliance with lender requirements.
Funds are released in stages typically:
Once your home is complete, your loan converts to a standard mortgage seamlessly and stress-free.
We work with you and your builder to structure your loan around your specific needs and timelines.
Our team understands the complexities of construction finance and will walk you through every step without the jargon.
We compare our panel of lenders to ensure you get a competitive rate and flexible terms suited to your build.
From land purchase to final inspection, we’re by your side.
Home loan pre-approval is a process by which a lender reviews your financial and credit history to determine how much money they would be willing to lend you for a home purchase. Pre-approval is not a guarantee that you will receive a loan, but it does provide an indication of how much you can borrow and the terms of the loan.
To obtain pre-approval, you typically need to provide the lender with information about your income, assets, and debts, as well as your credit score. The lender will use this information to assess your creditworthiness and calculate how much they are willing to lend you.
The pre-approval process typically takes a few days to a week, depending on the lender and the complexity of your financial situation. Once you receive pre-approval, you can start shopping for homes with the confidence of knowing how much you can afford to borrow.
Enquire for Pre ApprovalA first home buyer loan is a type of home loan specifically designed for individuals who are purchasing their first home. These loans typically have features that are intended to help first-time buyers enter the property market, such as lower deposit requirements, reduced or waived fees, and government incentives.
It’s important to do your research and compare the features and costs of different loans to find the one that best suits your individual needs and financial situation. Or leave it to the experts at Fox Home Loans. We’re here to help first home buyers navigate the complex road to owning their first home.
Enquire for your First Home LoanHome loan refinance is the process of replacing an existing home loan with a new loan from a different lender or with a different loan product from the same lender. The primary purpose of refinancing a home loan is usually to obtain a better interest rate or to access different loan features or benefits.
When you refinance a home loan, you essentially pay off the existing loan with a new loan, and the terms and conditions of the new loan may differ from those of the old loan. For example, you may be able to obtain a lower interest rate, switch from a variable rate to a fixed rate or vice versa, or access features such as offset accounts or redraw facilities.
Refinance your Home LoanBefore you start the process of switching home loans, it’s important to consider why you want to make the switch. Do you want to lower your interest rate, access different loan features, or consolidate debt? Understanding your reasons for switching can help you choose the right loan product and lender.
It’s important to note that switching home loans can be a complex process, and it may be helpful to seek advice from a mortgage broker like Fox Home Loans to ensure that you are making the right decision for your individual circumstances.
Switch Home LoansAn investment property loan is a type of home loan designed specifically for individuals who are looking to purchase a property for investment purposes rather than to live in themselves. These loans are typically used to purchase a property that will be rented out, with the rental income used to help repay the loan.
It’s important to carefully consider the costs and risks associated with investing in property and to do your research to find the right investment property loan for your needs. A financial advisor or mortgage broker may be able to provide guidance and advice to help you make informed decisions about your investment strategy.
Enquire for an Investment Property LoanA renovation home loan, also known as a home renovation loan or a home improvement loan, is a type of home loan that is specifically designed for borrowers who want to renovate or improve their existing home. These loans can provide funding to cover the cost of renovations or improvements, which can be a more affordable way to upgrade a home than selling and buying a new property.
If you are considering a renovation home loan, it’s important to have a clear understanding of your renovation plans and budget, and to work with a reputable lender or mortgage broker who can help you find the right loan product for your needs.
Enquire for a Renovation Loan
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Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
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While changes during construction are possible, it’s always best to finalise your plans upfront to avoid complications and extra costs. Variations can lead to the need for updated council approvals, revaluations, and potentially increased costs not covered by your original loan. If you anticipate any changes, discuss them immediately with us so we can explore your options.
Beyond the standard documents required for any home loan (proof of income, valid identification, expenses, assets, and liabilities), you’ll also need specific construction-related documentation. This typically includes:
Construction loans are paid out in stages as the build progresses. Typical stages include:
At each stage, the builder submits an invoice. Funds are released after verifying progress, often through an inspection or valuation.
A construction loan is a short-term, high-interest financing solution designed specifically to fund the costs of building or renovating a property. Unlike a traditional mortgage, which provides a lump sum upfront to purchase an existing home, a construction loan is disbursed in phases or “draws” as the project progresses.
Construction loans are short-term, disbursed in phases, and interest-only during the build. Traditional mortgages are long-term and fund a completed home in one lump sum.
