Call us on 0468 702 672 or 0430 362 226
Golden Key Mortgage
& Home Loan Broker

Our Construction Loan Services
"Our expert mortgage brokers can help you secure a construction loan for both residential and commercial properties"
Want to build your own home and need a construction loan?

If you are building a property for either to live in or for investment purposes you will likely need a construction loan for the duration of the construction phase. Once the construction is complete your loan converts to owner occupied home loan if you are to live in that property
Our mortgage brokers can also help you secure a great rate construction loan help you along the entire construction phase. Simply call us or book online for a premium home loan broker service for free .
Get the Financing You Deserve
How the Construction Loan Works?
Supporting clients with residential property construction loan
During the construction phase of the property, based on the usage plan the lenders provide an interest-only construction-loan which usually has a higher interest rate than standard fixed or variable rate home loan. The lenders deem this period to be a risky period which reflects the higher interest rate. You start paying the interest-only repayments of the borrowed amount once the progress payments are made to the builder after completing each agreed-upon phases. The bank or lender makes necessary inspection to make sure the construction is being done according to the contract before releasing the progress payments. Once the construction is complete the loan becomes either an owner-occupied or investment home loan with principal and interest repayments. Generally, the construction period requires a year and during that time you need constant interaction with the lenders to make sure the progress payment is on time and without any hiccup. Call us or send us a message today to find out more about how we can help you.
The usual limitations of the construction loan:
1. The construction loan is only for the construction period and usually interest-only
2. The bank releases the progress payments based on the fixed price contract provided by your builder
3. The bank inspects the completed tasks are according to the contract before releasing the progress payments
4. The property construction inspections are done using 3rd party licensed valuers assigned by the bank
5. The construction loan amount is usually limited to only up to 70% of the value of the land if equity being accessed
Current Available Government HomeBuilder Grant
It is a $25,000 tax free grant designed for owner-occupiers and first home buyers only. It is federal government scheme initiated since 1st August 2020 to help continue the Australian residential construction industry and trades activity in general. See the eligibility criteria and conditions below.
1. You are a first home buyer & the new property value or construction cost is less than $750K.
2. You are a owner-occupier & your property value is less than $1.5M and the renovation cost is between $150K-$750K.
3. You are an Australian Citizen (Parmanent residents, company, trusts, owner-builders are not eligible).
4. The build or renovation contract is signed by 31st December 2020 and the construction work has to start within the 3 months of the contract signing date.
5. The grant is given to buyers or owner-occupiers after the construction work has started and the first progress payment for the construction has been made. The owner occupied renovators have to provide proof of renovation (signed contract) to State Revenue Office to receive the grant after the work starts.
How we help our clients?
Easy and Convenient
See the benefits of using our expert mortgage brokers for your home loan.
1. Right Loan
We find the right home loan at a great rate from a wide range of home loan offers.
2. Free Expert Advice
You don't miss out on any available grants or concessions for your property financing.
3. Peace Of Mind
Knowing that a home loan expert is looking out for the best deal for you.
4. Convenience
Our brokers will come to you & take care of the application until the home loan is settled.
5. Timely Funding
Get the home loan amount you want in a timely manner without any stress.
6. Premium Service
Most importantly you will get a five-star mortgage broking service and advice for free.
The Documents Required For Construction Loan Approvals

Documents For Employees
Identification
1. Drivers license copy
2. Passport bio-pages copy
Proof of Income & Savings
3. Two recent pay-slips from current employers
4. Salary account statement for the last 90 days
5. Savings account statement (if there is any)
6. Notice of Assessment (NOA) from ATO
Proof of Expenses & Liabilities
7. Everyday account statements for the past 90 days
8. Any credit card statements for the last 90 days
9. Any car loan or personal loan statements for the last 90 days
Construction Contract
10. Fixed price contract provided by a licensed builder
11. Current home loan statements for the last 6 months (if any)

Documents For Self-Employed
Identification
1. Drivers license copy
2. Passport bio-pages copy
Proof of Income & Savings
3. Business account statement for the last 90 days
4. Savings account statement (if there is any)
5. Notice of Assessment (NOA) from ATO
6. Tax return documents of the latest year
Proof of Expenses & Liabilities
7. Everyday account statements for the past 90 days
8. Any credit card statements for the last 90 days
9. Any car loan or personal loan statements for the last 90 days
Construction Contract
10. Fixed price contract provided by a licensed builder
11. Current home loan statements for the last 6 months (if any)

Documents for Company
Identification
1. Drivers license copy of directors
2. Passport bio-pages copy of directors
Proof of Income & Savings
3. Company / business account statement for the last 90 days
4. Profit/Loss statement for 12 months
5. Notice of Assessment (NOA) from ATO for each directors
6. Company latest tax return doc
7. Company ownership ASIC report
Proof of Expenses & Liabilities
8. Business day to day account statements for the past 90 days
9. Any business related asset finance (e.g. car loan or business loan etc.) statements for the last 90 days
Construction Contract
11. Fixed price contract provided by a licensed builder
12. Current home loan statements for the last 6 months (if any)
See the Top 10 Home Loans in each category
We can help...
Call 0468 702 672
Call us on 0468 702 672 or 0468 424 315 or 0430 362 226. We will answer all your queries instantly or ASAP.
Book appointment
Simply book an appointment online instantly and one of our expert mortgage brokers will meet you at a place and time of your choosing.
Tools & Guides
- Loan Repayment Calculator
- Compare Loan Repayments
- Borrowing Power Calculator
Visit our office
Come and visit us at our office close you. We have a number of offices and mobile mortgage brokers across Sydney.

Available Investment Property Loan Options
Your Investment Property Financing Options
When it comes to finding an investment property loan, the possibilities are almost limitless as it is a relatively popular loan product and almost all lenders do it. However, there are some good options and a relatively easier process compared to some other banks or lenders. Contact us for more information about investment property loan or property development financing options and we’ll be happy to explain the options and help you find the one that suits your needs and preferences best.
Variable Rate Mortgage
The Right Loan for You
Refinance to a variable rate mortgage is very popular in Australia. Golden Key Mortgage & Finance finds its clients among the most competitive interest rate loans to refinance. We would be happy to discuss the details of the variable rate mortgage and customize it in order to suit your specific needs and financial situation. Are you wondering that if you have a good rate? Contact us to find out if you’re eligible, and whether this would be a good fit for your needs.
Fixed Rate Mortgage
A Brighter Future
It’s easy to get lost while navigating all the different types of loans available for home buying. The Fixed Rate home loan could be the right one for you, but it’s important that clients understand all implications before signing something they could later regret. Contact us now in order to discuss the benefits and disadvantages, and together we’ll decide whether this is the right mortgage for you.
Split Rate Mortgage
Prospective Property Owners
We have been helping clients around Sydney area with their real estate investments. The Split Rate Mortgage is popular for some, but may not be appropriate for everyone. Call us to learn more about the implications and to find out whether this would be a good mortgage for your financing needs. We will provide all the necessary information for you to make an educated decision so that you can relax knowing that, you made the best decision.
Interest only Mortgage
Savvy Property Investor
You repay only the interest on the borrowed amount usually for the first one to five years of the loan, although some lenders offer longer terms. Your monthly repayments are lower because you’re not paying off the principal. At the end of the interest-only period, you begin to pay off both interest and principal. These loans are especially popular with investors who plan to pay off the principal when the property is sold, having achieved capital growth.
Low Doc Mortgage loans
Loan for Self Employed
Low Doc home loans are designed for self-employed people who don’t have all the financial documents providing proof of income usually required to secure a home loan. The low-doc mortgage loan can be both variable and fixed rate home loan. Navigating a path through the mortgage maze can seem confusing – especially with so much document required by different lenders. Golden Key Mortgage brokers in Sydney will help you along the entire process.
Other Common Mortgage types
Seasoned Property Owners
There are so many other types of home loans available in the market catering to different kinds of home loan borrowers. The following loans are very specific and suits borrowers with certain circumstances such as Construction Loans, Introductory Rate Loans, Bridging Loans, Line of Credit / Equity Line, Reverse Mortgage etc. Call a Golden Key Home Loan Broker in Sydney today and take the guess part, out of your mortgage financing plan.
Contact us for more details about the types of loans we offer our clients.