When you go with DK, you will also get multiple options of construction loan Cabramatta clients usually choose from. DK not only looks after your Build; we have partnered with several professional Financial Brokers working with all banks to find the right construction loan that works for you. Because a construction loan is more complicated than a standard mortgage loan, it will take a few more weeks, here at DK, we will go through this journey with you to ensure your construction loan process is as smooth as possible.

How do Construction Loans work?
The major Four Banks will ask the standard questions before assessing your financial circumstances.

Process of a construction loan in Cabramatta

• Banks evaluate the mindset “As If Completed”; including land and construction
• Purchase of land if buying house land package or if the owned land cost of constructions
• Sign with a builder – Builder must provide the following
  • Fixed Price Builder Contract and License
  • Builders Insurance – Home Warranty Insurance
  • Approved plans stamped by either your local council or an authorised Principal Certifying Authority (Private Certifier)
• Progressive Payment
  • Plan Design and Approval
  • Foundation
  • Frame
  • Lockup
  • Fitting
  • Handover
• Completion, your construction loan has been reverted to a standard home loan

Below is a list of our Credited Financial Broker Partners to choose from. All our partners are fully licenced and have been in the industry for more than 10 years specialising in construction loans.