Building a new home or undertaking a major renovation is an exciting milestone, but the lending process can be more complex than a standard home purchase. At Open Doors Finance, we provide clear, structured guidance to help you understand how construction lending works — from progress payments to valuations and lender policies.
Our role is to support you through each stage of your building journey and help you choose lending options that align with your circumstances, plans and budget.
Each stage requires assessment, documentation and updated valuations, which is why specialised guidance is essential. We help you understand how this works and what to expect at each phase.
It isn’t suitable for everyone, so we review your full financial picture, explain your options, and help you decide whether consolidation may support your goals.
We begin by understanding your building plans, contract details, land situation and financial position. This helps us determine suitable lending options.
From interest-only payments during construction to progress payment schedules, we break down how construction finance operates in simple, practical terms.
Different lenders have varying policies for builders, contracts, valuations and land. We outline these requirements to help you prepare accurately.
We guide you through the documents required — building contracts, council approvals, quotes, land titles and financials — ensuring your application is complete and ready for assessment.
As each construction stage is completed, we assist in coordinating with your lender for valuations, inspections and payment releases.
Construction loans typically include:
Funds released at each build milestone
You often pay interest only on the amount drawn
Depending on lender policy
Lenders may require updates as the project progresses
Ensures the build is complete before full loan activation
We explain how each feature works and what it means for your project.
To apply for a construction loan, lenders generally require:
We help you gather and review all required documents to streamline the process.
Clear support through planning, application and progress payments.
We explain builder, contract, valuation and documentation needs in detail.
We explore a broad range of construction loan options across our lender panel.
All recommendations are made with your circumstances and financial position in mind.
We remain your point of contact throughout the build — from slab stage to completion.
Whether you’re building a new home or undertaking a major renovation, the right guidance can make the process significantly smoother.
At Open Doors Finance – Independent Mortgage Broker, we support you at every stage with clarity and professionalism.
