info@gatewayfinance.com.au

Mortgage | 0411 507 347
Asset | 0468 363 227

Construction Loans

Build your dream home with our construction loans

Building a new home or renovating an existing property can be an exciting but daunting process. At Gateway Finance, we offer construction loans designed to help you bring your vision to life. Our experienced team can guide you through the process and help you find the financing solution that fits your needs.

Building a New Home

Obtaining the right construction loan for you to build a new home requires some expertise from your Mortgage Broker. We have extensive expertise in construction loans in New South Wales. We understand the intricacies involved in financing the construction of a new home or significant renovations.
A Residential Construction Loan is specifically designed to assist individuals in building their dream homes or undertaking substantial renovations on existing properties. Unlike traditional home loans, which are dispersed in a lump sum, construction loans are disbursed in stages to align with the progress of construction.

At Gateway Finance we recognise that each construction project and each borrower’s financial situation is unique. Therefore, we offer a range of Residential Construction Loan options that can be tailored to meet the specific requirements of the project and the borrower’s financial circumstances.

Loan Stages

Unlike conventional home loans, construction loans are broken down into stages which correspond to certain stages in the construction process.

Deposit Stage

Initial deposit to secure the construction project.

Slab Stage

Funding for the concrete slab and initial construction work such as plumbing etc.

Frame Stage

Funds for erecting the structural framework for the property. 

Lock Up Stage

Funding for enclosing the property, including walls, roof, and windows.

Fit Out Stage

Funds for interior fixtures and fittings.

Completion Stage

Final funds to complete the construction project.

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Building a New Home

Throughout the construction period, the lender disburses funds to the builder in stages to cover the costs of materials and labour as construction progresses. This staged disbursement ensures that funds are used efficiently, and construction progresses according to plan, minimising the risk of overruns or delays.

During the construction phase, borrowers typically make interest-only payments on the amount drawn down from the loan. This helps borrowers to manage cash flow during the construction period, as borrowers are not required to make principal repayments until the property is completed.

Once construction is complete and the property has been inspected and approved, the loan may be converted to principal and interest repayments. Alternatively, depending on the borrower’s preferences and financial situation, the loan may be retained as interest-only for a period of time.

Navigating the complexities of construction loans requires expertise and a thorough understanding of the construction process and financing options available. As your mortgage broker, we can guide you through the entire process, from selecting the right loan product to ensuring a smooth transition to principal and interest repayments upon completion. 

Construction Loan Benefits

Construction loans offer a range of benefits to individuals and families, including;

Customised Financing

We’ll work with you to find the financing solution that fits your needs, whether you’re building a new home from scratch or renovating an existing property.

Flexible Repayment Options

We offer a range of repayment options to fit your budget and financial goals, including interest-only repayments during the construction phase.

Competitive Rates

Our construction loans offer competitive rates and terms, allowing you to save money on interest charges and reduce the overall cost of your project.

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How it Works

We want you to help you achieve your finance goals whether it is getting you into a new home or assisting with a investment property.
Here’s the process on how we get your home loan approved quickly.

Step 1

Initial discovery call

Chat with us to discuss your specific financial goals and dreams.

Step 2

Research, Planning and Comparison

We work hard to present to you the best solution, lender and interest rate based off our initial discovery call.

Step 3

Submit your application

We will help you complete all the necessary paperwork and requirements with your chosen lender to get your application sorted.

Step 4

Ongoing Support

We will monitor your application and keep in touch along the way. We work behind the scenes to make sure everything is as smooth for you as possible.

Start the process

Recent Reviews from our clients

I had the pleasure of working with Mel and Candice from Gateway Finance for my home loan, and I couldn't be happier with their service. They were both incredibly professional, knowledgeable, and responsive throughout the entire process. They took the time to explain everything clearly and guided me through each step, making what could have been a stressful experience much easier. I highly recommend them for anyone looking for expert advice and reliable support with home financing!
Josh
JoshHunter Valley
Working with Mel from Gateway finance was great and positive experience. As broker she carried all the load. Sorted my finance out, walked me through the process and was always happy to answer any and all questions I had. From pre-approval all the way to formal approval and settlement. Mel was proactive and always followed up which relieved me of all of the stress of having to be on top of everything. Mel is well versed in the industry and was especially patient and helpful to me in translating the industry jargon into helpful layman terms. I felt my needs in this financial journey were met with professionalism, courtesy and respect.
Rachel
RachelQueensland
The service from Mel and Candice at Gateway Finance was exceptional. They worked quickly, effectively and provided professional advice that made the nerve wracking process of buying my first home a breeze. If you are looking for a Finance Broker that will go above and beyond for you, then I couldn’t recommend them enough.
Shannon
ShannonSydney
I recently had the pleasure of working with Gateway Finance, and the communication and service were exceptional. Mel was super helpful and professional throughout the entire process. I highly recommend Gateway Finance for all your financial needs!
Danielle
DanielleSydney
Mel & her services were recommended to me by a friend. I was told she was "wonderful & gets the job done". That proved to be the understatement of the year! Not only Mel is wonderful and gets the job done, she managed to turned what I thought would be a struggling & tedious journey, into a smooth, hassle free tailored & personalised experience that I can't fault in any way. Her customer service is second to none, made me feel heard, understood, meet all my needs, and was full of reinsurance throughout it all. I would highly recommend Mel and Gateway Finance especially to those new to the lending/finance world & who wouldn't know where to start from.
Francesca
FrancescaNewcastle
Mel from Gateway Finance was beyond amazing in helping me to purchase my first property. Using the Family Home Guarantee and First Home Buyers Assistance Scheme. She made the overwhelming process so smooth and easy. She was very knowledgeable and great at communicating, continuously answering my many questions. She also offered great advice and options. Thank you so much for helping me achieve my goal as a single parent you are exceptional.
Monique
MoniqueSydney
I appreciate Mel rom Gateway Finance for the outstanding service provided during my mortgage process. Mel's professionalism, prompt communication, and attention to detail made the entire experience smooth and stress-free. I felt well-informed at every step, and Mel's expertise was evident throughout. Highly recommend Mel Taylor and Gateway Finance for their excellent service in securing a mortgage.
Sean
SeanSydney
Mel and her team, who have provided my mum and I with amazing service in securing Finance for our very first home. With being unsuccessful with a previous broker, Mel has come out with the goods, with always being so quick to communicate, respond to enquiries and act quickly to secure our finance. Mel is very knowledgeable about the current market and the banking/loan process. This has given mum and I the confidence in making an offer and securing our very first home. Mel made the processes smooth with her attentiveness providing updates regularly throughout. Overall, Mel is amazing at her job, and I cannot recommend Mel and her team highly enough.
Jasmine
JasmineNewcastle
I can't rate the services of Mel Taylor and the Gateway team more highly for my family members recent loan application. Having personally experienced Mel's expertise previously, I confidently referred her to my family for their first home purchase. Mel's performance was impressive, handling complex aspects of their application process with remarkable skill. Her deep knowledge of the finance and loan industry stood out, simplifying a complex process for my family. Mel's commitment to clear and prompt communication made the process smooth, transparent, and very efficient. Glad to see she is part of a brokerage that clearly values her dedication to customer service. Mel's professionalism and thorough approach provided them with a sense of confidence and ease. It's evident that her brokerage supports her high standards of service. Again, I'd highly recommend Mel as an excellent choice for anyone seeking knowledgeable, efficient, and reliable mortgage advice and services, with just that little bit of added care and support.
Kieran
KieranMelbourne
Jason is very thorough and went above and beyond for us. He explains every thing in Rey high detail. You won’t find anyone who knows there stuff like Jason. Would highly recommend.
Giulio GeraceRobina