Finance Your Dream Build
Building your dream home requires specialised finance. Dahiya Mortgage & Finance helps clients across Frankston, Mornington Peninsula, and Melbourne's south-east with progressive drawdown construction loans from 5.64% p.a. variable, up to 95% LVR (with LMI), and expert guidance through every build stage — slab to handover.
Key Benefits
Our Construction Loans Process
Construction loans release funds in stages as your build progresses — typically slab (15–20%), frame (20%), lock-up (20–25%), fit-out (25–30%), and completion (10–15%). You only pay interest on the amount drawn, keeping costs significantly lower during the build phase compared to a standard loan.
We work with your builder to understand the construction timeline and coordinate lender valuations at each drawdown stage for prompt payment. From council-approved plans and fixed-price builder contracts through to final handover — we navigate Melbourne's build regulations so you can focus on your dream home.
Stage Drawdowns
We manage progressive payments at each build milestone: slab, frame, lock-up, fit-out, and completion.
Land + Build Combined
Single streamlined finance covering both land purchase and construction costs — no double applications.
Builder Assessment
We review your building contract and builder credentials to ensure they meet all lender requirements.
Completion Transition
Seamless conversion from interest-only construction loan to your standard home loan at handover.
Construction Loans Across Melbourne
Frequently Asked Questions
Funds are released in 4–6 stages — slab, frame, lock-up, fit-out, and completion. Your builder invoices at each milestone and we coordinate with the lender for prompt payment.
Yes, though fewer lenders offer owner-builder loans and requirements are stricter. We have access to specialist lenders for owner-builder construction finance.
You'll need council-approved plans and a signed building contract for full approval, but we can arrange pre-approval while you're still in the planning stages.
Planning to build? Let us structure your construction finance.
Speak with Sunil Dahiya and the team. No obligations, just honest advice tailored to your situation.