Construction loans release funds in stages as building progresses, and not every lender handles progress payments and builder contracts the same way.
Meet Mel and the Zest team, who've helped hundreds of clients finance their new build from the ground up.
Construction loans release funds in stages as building progresses, instead of in one lump sum at settlement. Progress payment schedules, contract types and how lenders treat your builder can all affect approval, and not every lender handles them the same way.
We compare 60+ lenders to find one comfortable with your build and your timeline, and we manage the application from start to finish. We are based in Springfield and work with clients building across Springfield and Ipswich.
At Zest Mortgage Solutions, we believe building your own home should be just as simple as buying an existing one. Here are a few recent Zest Google reviews we think you'll love!
A conversation with Mel & the team gets you a clear read on what you can borrow against your build cost and land, before you sign anything with a builder. No cost, no obligation.
Progress payment schedules, contract types and how lenders treat your builder can all affect approval. We compare across 60+ lenders to find one comfortable with your build and timeline.
Once you are ready, we manage the drawdowns with your lender as each stage completes, so payments to your builder happen on time without you chasing the bank.
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A construction loan suits people building a new home, knocking down and rebuilding, or buying a house and land package. Instead of one lump sum, the lender pays the builder in stages as work is completed, and you usually only pay interest on what's been drawn down. For extensions and major renovations on an existing home, talk to us about whether refinancing or a construction facility suits better.
Every lender is different, so we'll confirm the exact list for your situation before you apply.
Construction is a big part of the Springfield and Ipswich market, with new estates across Springfield Rise, Augustine Heights, Ripley and Redbank Plains. House and land packages often have separate land and build contracts, and lenders treat these differently, so it pays to get the structure right before you sign.
Want to talk it through? Book a free chat with Mel and the Zest team, or call (07) 3461 6499.
The lender releases funds in stages, commonly deposit, base, frame, lock-up, fixing and completion. Each stage is usually checked before payment is made to the builder.
Usually you pay interest only on the amount drawn so far. Repayments increase as more of the loan is released.
Yes. Many lenders finance house and land packages. The land settles first, then the build stages are paid as work progresses.
Lenders generally require you to cover variations or overruns yourself, so it's wise to keep a buffer or have them included in your fixed-price contract.
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"Thank-you! As first home owners we were very unsure of the process. However, from our very first encounter with Mel, we felt comfortable and certain that we had chosen the right broker for us. Ashleigh helped us through the application process and was always prompt with emails/ phone calls and more than willing to answer our questions. You guys truly are amazing 🤩"
"Thanks to the fantastic team at Zest Mortgage Solutions. They made an incredibly complex business investment purchase extremely easy for us and kept us up to date with the process as it moved forward. I would highly recommend them and will be utilising their services in the future."
"Mel and the team have been amazing throughout the entire process. We were constantly informed and nothing was too difficult. It really couldn't have been a better experience. We would highly recommend Zest Mortgage Solutions!"
"Mel and the team at Zest Mortgage Solutions make the process of buying a house easy, there was always someone there to assist or answer questions - even during the festive season 😊 thanks team, 💯 recommend"
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"As a single mother, I never thought in a million years I could own my own home. Melissa and her team made the process so easy and stress free. I can’t thank them enough for making my dreams come true. No question was to dumb and they never made me feel like I was bothering them with all my calls for clarification! Would 10/10 recommend them to anyone looking to purchase a house."
