Construction Loans

Build your chances of loan success.

Construction finance works differently to a standard home loan. We'll help you navigate it.

Building your own home or undertaking a major renovation is a different kind of lending journey. Instead of one lump sum at settlement, construction loans are drawn down in stages as the build progresses. This means your lender needs to understand the project, approve the builder, and manage progressive drawdowns — which adds complexity that not all brokers handle well.

At Cumulus Capital, we understand the construction lending process inside out. Whether you're building a custom home on vacant land, buying a house-and-land package, or doing a knockdown-rebuild, we'll find the right lender and structure the finance to match your build timeline.

Key areas to think about

Loan structure

Construction loans typically involve interest-only payments during the build period, with the loan converting to a standard home loan at completion. Drawdowns are released at agreed stages — usually slab, frame, lock-up, fixing, and completion. We structure the loan to match your builder's payment schedule.

Builder requirements

Lenders require your builder to be licensed and registered, carry appropriate insurance, and provide a fixed-price building contract in most cases. Not all builders meet every lender's requirements — we match you with a lender that's comfortable with your specific project.

Cost management

Construction projects can encounter variations and unexpected costs. We help you understand the contingency requirements lenders expect, how variation processes work, and what happens if the build runs over budget or timeline.

How we can help

Project assessment

We review your building plans, contract, and budget to identify the most suitable lenders for your project.

Progressive drawdown management

We coordinate the drawdown process with your lender and builder at each construction stage.

Transition to home loan

Once construction is complete, we ensure a smooth transition from the construction facility to your permanent home loan — and confirm the rate and structure are optimised.