Construction Loans

CONSTRUCTION LOANS

Building Your Dream Home, One Step at a Time.

Constructing your ideal home is an exciting milestone, but arranging the right finance is crucial to making it a reality.

At Hero Finance, we understand that building a home is very different from buying an existing property. Construction loans are specifically designed to fund your project in stages, with payments aligned to each phase of the build. This ensures you only pay interest on the funds you’ve used, helping to ease cash flow during construction.

Our team of experts guides you through the entire process, from understanding progress payments to managing interest-only repayments while your home is being built. Once construction is complete, we assist with transitioning your loan to a standard mortgage.

With access to a wide range of lenders, we work to secure competitive rates and terms tailored to your construction needs. At Hero Finance, we make the process seamless, so you can focus on turning your vision into reality.

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construction loan

Highly recommended!

Working with Hero Finance to get our home loan was one of the best experiences in recent memory. Vache and Vicki were extremely accommodating and efficient. From the moment I contacted Hero Finance, their communication brought comfort to the whole process and the outcome was successful.

15+

Years

With over 15 years of experience in the industry, we take the guesswork out of your loan. We make it happen.

50+

5* Reviews

We love our clients, and our clients love us. From start to finish, we strive to provide you with what you need.

350+

Clients

Our clients are our family. From the moment you get in touch, you’re part of the Hero Family.

60+

Lenders

Our relationship with Australia’s leading banks and lenders means we can find you the most competitive loans.

Why Hero Finance?

Why Us For Your Construction Loan?

Building a home comes with unique challenges, but financing shouldn’t be one of them. With us, you can expect:

  • With years of experience in construction loans, we offer expert advice and personalised solutions for your project.
  • Every build is unique, and we customise your loan to suit your financial situation and goals.
  • From loan pre-approval to final payment, we help manage every stage, keeping your build on track.

How Does a Construction Loan Work?

Construction loans differ from standard home loans. They release funds in stages, known as progress payments, based on the completion of different phases of your build. Here’s how the process works:

  1. We assess your financial position to determine how much you can borrow, giving you a clear budget for your project.
  2. Lenders often require a fixed-price building contract and approved plans to proceed.
  3. Funds are paid in stages - such as slab, frame, lockup, fit-out, and completion - so you only pay for work that’s been completed.
  4. During the build, repayments are usually interest-only on the amount drawn, helping reduce costs.
  5. Once your home is finished, the loan converts to a standard mortgage with principal and interest repayments.

How Does It Work?

Confidence With Hero Finance.

Plan Your Build with Confidence

Construction projects can feel overwhelming, but with Hero Finance by your side, financing won’t be. We’ll guide you through each step, ensuring your dream home becomes a reality without unnecessary stress.

Start your journey today with Hero Finance, and let’s build your future together.