Construction Loan

Not satisfied with the properties on the market, think of to build your dream home? Star Mortgage is adamant in making sure that your financial side of things are sorted, so you can concentrate on your work.

There are many professionals you need to work with. You’d better to have some knowledge or experience.

The LVR is variable depending on the purpose and contract. Contingency of 10% at least, as the cost can over budget.

The progress drawdown, interest rate is floating for construction loan.

What will be needed besides the standard document from client?

  • S&P agreement of the land;
  • Building consent;
  • Fixed price contract between you and master builder;
  • Registered valuation report shows as is value, and completion value.

For more specific instructions, contact our advisers. They are very happy to go through with you. Request a call.