New Home Construction Loans

There’s nothing more rewarding than building a brand-new home, perfectly tailored to your vision. A construction loan is a specialised type of finance that funds your build in stages, from the slab pour to the final handover. At Max Rich, we are experts in construction finance, managing the entire process for you so you can focus on the build itself.

Construction Loans for Building Your New Home on the Gold Coast

In the booming growth corridors of the Gold Coast, from Pimpama and Coomera to the new estates in Wongawallan, building your dream home is a popular choice. Unlike a standard home loan, a construction loan requires careful management of builder payments, lender valuations, and staged fund releases. It’s a complex process that can be stressful if handled incorrectly. As your broker, we act as the crucial link between you, your builder, and the bank, ensuring a smooth financial journey from vacant block to your beautiful new front door.

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Explore your loan options & their features.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Borrowing Calculator

Use the calculator to find out how much you could borrow.

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Budget Planner Calculator

Use this budget planner to help understand your income and expenses, and where you could make savings.

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Extra Mortgage Repayments Calculator

You could potentially save thousands of dollars and take years off your loan by making extra repayments. Let’s run the numbers.

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Honeymoon Rate Loan Calculator

A honeymoon loan can help reduce your monthly repayments for a set term. Use this calculator to compare what your repayments would be compared to a variable loan.

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Income Tax Calculator

The income tax calculator can be used to calculate your net income.

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Loan Comparison Calculator

Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

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Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

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Lump Sum Repayment Calculator

This home loan repayment calculator helps you calculate the savings benefits of making additional lump sum repayments on your home loan.

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Mortgage Offset Calculator

Use the calculator to see how quickly you could pay off your loan with an offset account.

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Savings Planner Calculator

Use the calculator to find out how much you could save.

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Stamp Duty Calculator

Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.

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Frequently asked questions.

View our full FAQs
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Can I get a mortgage with bad credit?

While having bad credit can make it more challenging to secure a mortgage, it is not impossible. Some lenders specialize in offering loans to individuals with lower credit scores.

Options for Borrowers

Borrowers with bad credit may consider options such as FHA loans, which are designed for those with less-than-perfect credit. Additionally, improving credit scores before applying can increase the chances of approval.

Can you help me figure out my borrowing capacity?

Absolutely. Your borrowing capacity is a calculation of how much a lender will loan you based on your income, debts, and living expenses. While online calculators offer a rough estimate, we provide a far more accurate and reliable assessment. We will analyse your financial situation to give you a clear budget and help you secure a formal pre-approval, which is the green light you need to search for property with real confidence.

How long does it take to close?

The time it takes to close on a mortgage can vary, but it typically ranges from 30 to 45 days. Factors that can influence this timeline include the lender's processing speed, the complexity of the loan, and the responsiveness of all parties involved.

Tips for a Smooth Closing

To ensure a smooth closing process, maintain open communication with your lender and promptly provide any requested documentation.

How much can I borrow?

Your borrowing capacity depends on several factors, including your income, financial commitments, living expenses, and the size of your deposit. While online calculators provide a rough estimate, our detailed assessment provides a much more accurate figure. We do this as part of a formal pre-approval process, so you know exactly what your budget is before you start looking.

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How much deposit do I need to buy a property?

While a 20% deposit is the traditional benchmark to avoid paying Lenders Mortgage Insurance (LMI), it is not the only way to buy a home on the Gold Coast. Many lenders now accept deposits as low as 5%. We can also explore other powerful strategies, such as using a Guarantor Loan, or utilising government schemes like the First Home Guarantee to help you enter the market sooner.

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How to apply for a mortgage?

Applying for a mortgage involves several steps. First, gather necessary documents such as proof of income, tax returns, and credit history. Next, research different lenders and mortgage products to find the best fit for your needs.

Steps to Follow

  1. Gather financial documents.
  2. Check your credit score.
  3. Shop around for lenders.
  4. Submit your application.

Following these steps can streamline the mortgage application process.

Talk to us today about your options.

Let’s chat today and find the right solution for you. Whether you’re buying your first home, expanding your business, or upgrading your vehicle, Maxine and the Max Rich Brokerage team provide expert, obligation-free guidance across the Gold Coast, Logan, Brisbane, and the Scenic Rim, tailored to your goals.

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