Home construction financing
Building a home involves more planning than buying an established property. We help you understand how construction lending generally works and what lenders may need before funds are released.
Overview
Construction loans are usually structured differently from standard home loans. Funds are commonly released in stages as building work progresses, and lenders typically require building plans, a fixed-price contract and approvals before lending.
We help you understand these requirements early, so your building plans and your financing can progress together.
Who this may suit
- Owners building a new home on land they hold
- Buyers purchasing land to build on
- Owners planning a major extension or renovation
- People who want guidance on construction lending steps
Common eligibility considerations
Each lender sets its own criteria. Considerations commonly include:
- Income and ability to service the loan during and after construction
- Land ownership and title type
- A builder’s contract, plans and cost estimates
- Required building and council approvals
- Deposit, equity and any contingency funds
Documents that may be requested
The exact list depends on the lender and your circumstances. We will confirm what applies to you.
- Photo identification and proof of income
- Land title documents
- Building contract, plans and specifications
- Builder details and quotations
- Relevant approvals and permits
How the process works
- Submit an enquiry about your building plans
- Discuss your project, budget and timeline
- Prepare land, builder and income documents
- Explore construction financing options
- Proceed through lender assessment, staged payments and completion, where applicable
How to enquire
Complete the enquiry form below or contact our team. We will discuss your goals, explain the next steps and let you know what information to prepare.
Lenders make their own credit decisions. An enquiry does not guarantee approval, and estimates are a guide only.
Talk to Asigau
Tell us about your plans and we will explain the options that may suit you.
- No obligation to proceed
- Clear explanation of next steps
- Confidential handling of your information
Enquire now
Planning to build?
Share a few details and a member of our team will be in touch to discuss your situation.
- Phone
- Email
- AddressPO Box 38, Waterfront, Konedobu
National Capital District (Port Moresby)
Papua New Guinea
A member of the Asigau team will contact you using your preferred contact method. We have also sent a confirmation to your email address.
