A construction home loan is a type of mortgage loan that is used to finance the construction of a new home or renovation. The loan is typically used to pay for the cost of the land, the cost of the construction, and the cost of any associated fees and permits.
Generally, the loan is dispersed in stages, with funds being released as the construction progresses. Once the home is completed, the home construction loan is converted into a traditional mortgage loan.
We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which Qudos Bank operates and where our team members reside.
