Building your own home | Mortgage Broker Manor Lakes & Tarneit

Are you looking to create your own dream home by building from the ground up? You may be considering a house & land package, or a construction loan for a knock down. Either way, the Mortgage Choice team in Manor Lakes & Tarneit can find some great finance solutions. 

We love it when people create their own homes: you get to design it to meet your own needs. The Mortgage Broker Manor Lakes team can support your dream by finding the right construction loan for your build. 

Download our e-book on Building

Our wide range of construction loans

At Mortgage Choice, we have construction loans available from over 30 lenders - including all the big banks. The beauty of a construction loan is, they mirror the building process in order to minimise the interest you pay. That can stretch the budget a bit more and perhaps pay for a few extras on your wish list. 

In general, construction home loans have a variable rate, with a maximum Loan to Value Ratio (LVR) of 95%. Lenders also often set a maximum timeframe for the complete draw down of your loan, usually around 6 months.

• We meet together via video or face to face to discuss what you need.
• We have a look at the plan and building stages to ensure we find the right loan for you.
• We search through hundreds of loans to find one that matches.
• We put together the paperwork & do all the legwork on your behalf.
• We are in contact with you throughout the build to release funds with the bank when required, for each stage of your build.

House & Land Packages

If a brand new home is on your wishlist, a house and land package can be a hassle-free and affordable option. They involve buying land through a developer and choosing a builder.

If you're a first home buyer, you could be eligible for the $10,000 First Home Owners Grant. However, you may need a land loan for the purchase of the land, depending on your package.  There are a few things you need to consider: like many of the extra costs that could be involved in the actual property purchase, which are not included in the package price.

When considering a house and land package, it is important to have a broker who can deal with the admin of your loan while you focus on planning your build. We will find the right home loan for you, help you apply for an incentives you may be eligible for and organise the application & payments.

Contact Sarod today for quality loan advice

If you would like some support through the home loan journey, contact Sarod & the Mortgage Choice team in Manor Lakes & Tarneit. As a mobile team, we can come to you after work, on your lunchbreak or on the weekend.

Call Sarod directly on 0466 994 330 or book a call with our team below.

Book a call with our team  Get a Home Loan Quick Quote

_{Our team service the areas of Altona, Wyndham Vale, Manor Lakes, Altona North, Laverton North, Laverton, Altona Meadows, Hoppers Crossing, Werribee, Tarneit, Truganina.}