Construction loan

A construction loan can help you finance building your dream home. 

When you are constructing your dream home you will not be able to use a normal home loan for finance, instead construciton loans are taylor made by lenders for people constructing their own home, investment property or small development. 

Getting the right construction loan can be a confusing and complex process. Using a specialist construciton loan broker can smooth the process for your home construction loan. 

Oak Laurel have specialist construciton loan brokers that can assist you with finding and obtaining a home construction loan that meets your needs.

There are a range of different types of construction loan to meet the needs of different borrowers.

Self employed borrowers can get low doc construction loans that allow then to get their construction financed ehen they have not yet completed all of their latest financials.

Oak Laurel can assist you to obtain a construction loan even if you have bad credit.

If you are undertaking a small multi unit or multi townhouse development you may be able to use a construction loan to finance it.

There are a range of conditions that need to be met to qualify for a construciton loan. The main criteria are that you have sufficent deposit, are able to demonstrate your ability to repay the loan with income and liabilities considered, you have development and construction approval and a fixed price build contract.

If you think that you qualify for a construction loan in Australia give Oak Laurel a call.