Construction loans

Specific loans that are designed to finance building works.

Progress payment loans, house and land packages, and owner-builder loans.

If this sounds like you:

You're building a custom home from scratch
You've purchased land and need funds for construction
You want to buy a combined house and land package

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3. Stress-free approvals

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4. Lifelong loan support

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Overview

Building your dream home? Felix can help you find specialised construction loans. These loans generally follow a progressive payment structure, releasing funds in stages as your build progresses.

Whether you're building with a major developer or managing your own custom project, our construction loan options are designed to keep your build on track and on budget.

Loan options

Construction loans

The standard construction loan releases funds in stages, known as "progressive drawdown" or "progress payments", so you only pay interest on the funds drawn down to date. These loans are often interest-only during construction, and then convert into P&I home loans after construction.

House and land packages

House and land packages bundle a standard loan for vacant land, with a construction loan for the building of the house

Construction renovation loans

Looking to update your place? Renovation loans can be structured as construction loans, allowing you to make progressive drawdowns - so you only have to pay interest on the money used to date.

Owner-builder loans

A variant on a standard construction loan, where the owner does the building rather than contracting to a licensed builder. Often harder to qualify for.

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