Rise High Financial Solutions

header logo of Rise High - Award-winning mortgage Brokerage Adelaide

(08) 7131 1149

Construction Loans

The right finance to build, renovate or extend your home!

Whether you are looking to build your dream home, renovate, extend your existing home, or build an investment property, some of the Best Mortgage Brokers in Adelaide are here to help, supporting and empowering you with expert advice every step of the way!

Happy couple at construction site
Happy couple in new build

Finding the right construction loan to support your dreams and goals!

Providing you with great advice along the way, our team will be there to support you and ensure everything runs smoothly.

As your trusted finance partners, we are here to work with your builder and the bank to ensure all progress payments of your construction loan are made on time. We will process these right after we receive confirmation that you are happy with the builder’s work quality delivered at each milestone payment date, making the process smooth and stress-free.

Following the completion of your construction project, our team can also help by ordering a valuation of your build and undertaking a review of your construction loan, to determine whether it is still a good option for you. This will help us determine whether refinancing your loan to a different lender or product could be advantageous to you, helping us support you in reaching your financial goals sooner!

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We are here to help you find a construction loan that provides the right balance of features and flexibility, whilst being as cost-effective as possible.

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Value beyond your Construction Loan

Discover what you can expect from your dedicated Rise High Broker

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Understanding Construction Loans

Explore what they are, how they work and what they can be used for

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Applying for a Construction Loan

Deposits, the right structure, working out how much you can borrow, and more!

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Choosing a broker for your construction loan

Your Rise High Mortgage broker will take the time to understand your personal situation, goals and priorities (both short and long-term).

We will then review all lenders on our extensive panel (with over 70 lenders!), look at their credit policies, application criteria, fees and charges (including Lenders Mortgage Insurance (LMI), Stamp Duty and potential refinance costs) and spend time negotiating with them on your behalf to get the best outcome with each potential lender.

To help you make your decision on which construction loan and lender are right for you, we will present you with a detailed loan comparison table that compares the top lender options best suited specifically to your needs.

When we meet with you, we will go through your personalised loan comparison report in detail, answering any questions you may have so that you can feel excited and confident about your decision.

Because we would have already undertaken extensive analysis work prior to providing you with the right advice, you can rest confident that the lender options presented to you are all viable options that would result in a positive outcome, enabling you to kickstart this exciting construction journey!

Rise High client Delia with Managing Director and Mortgage broker Marissa Schulze
Construction plans

What are construction loans?

Construction loans are a type of finance specifically designed for people looking to build or renovate a home.Whilst construction loans can be similar to home loans, there are important differences you may want to be aware of.  

With traditional home loans, the full loan balance approved is provided by the bank at settlement of the loan. However, in the case of construction loans, the loan balance starts at $0 and progressively increases as the builder achieves construction milestones in the contract. These are then paid out in the form of progress payments.

Your construction loan balance will continue to grow as construction progresses, until it reaches the final loan amount approved by the bank.

During this process, you will only need to make interest repayments based on the actual loan balance at the time, meaning your interest expense will only grow over the course of your construction as your loan balance grows.

Most lenders will charge a construction progress payment fee for construction loans, which we will include (with any other fees payable) in your detailed loan comparison table. This way you can rest assured there will be no unwanted surprises!

Some of the benefits construction loans provide include:

  • Flexible terms that adapt to the needs of your project
  • Lower monthly obligations during construction as you pay interest only
  • No full repayments until your project is completed

Important considerations to watch out for include:

  • Potentially higher interest rates and fees than a standard home loan
  • A review of your construction loan will be required once the build is complete, as you may be eligible for a more competitive home loan at that point!
couple assessing construction plans

Applying for a Construction Loan

Applying for a Construction loan with us is easy!

At the very beginning of the process your dedicated Rise High broker will send you a list of documents for you to upload into your personal portal.

These documents will give us an understanding of your current financial position and enable us to calculate how much you can afford to borrow, your deposit requirements (if any), and work out the best structure for your construction loan.

We will work with your builder of choice to obtain your Build Pack, which includes your building contract, building plans, selections and specifications. This build pack will be provided to the bank’s valuer who will then use it to determine what the value of your home will be once the build is complete, enabling the bank to determine how much they are willing to lend for your construction project. 

Ultimately, we will develop a clear plan and strategy that can support your current lifestyle, enabling you to achieve your future dreams and goals.

Our team at Rise High will be here to project manage all parties involved, ensuring the construction process is as easy and stress-free for you as possible!

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Beyond your construction loan:
Other ways we can help!

At Rise High we understand your needs, dreams and goals are likely to change throughout time. Besides helping you secure the right construction loan for your needs, our team can also help you to:


Looking for a finance partner who will keep your best interests at heart and is someone you can trust?

Award-winning Rise High mortgage broker and client

Explore some of our Tools and Calculators

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Borrowing Capacity Calculator

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Loan Repayment Calculator

Our clients love us
as much as we love them

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Rise High client Nick

"They're all magicians!"

I think this is my 13th loan arranged through Rise High (it could be more). The team has always put my goals first and explored every lender policy to ensure that I'm not just able to achieve my objectives, but to get a great deal more than I ever thought possible. No wonder Rise High takes out just about every top award, every year. They're all magicians! There is simply no more nightmare of uncertainty, and their ethics is unparalleled. From 26 year of personal history in the property market, I couldn't offer any broker a higher commendation!

Nick Hart

Client since 2012

Rise High client Claudine

"These guys are faultless!"

These guys are life changers - honest, warm and they get results! Thankyou James & Team for making this a perfect experience for us - we can't recommend you highly enough!

Claudine Innes

Client since 2019

Rise High client Ceci

"Highly recommended!!"

RHFS helped us when we decided to buy our first house, and recently with refinancing our home loan. Thuy and Isabella did an amazing work and just leaving us to make the decision with a lot of useful information. Thanks for everything you have done for us, Thuy and Isabella and, of course, Rise High Financial Solutions.

Ceci Mantilla

Client since 2019

Rise High Client Ly

"Always on the ball"

We are long-term clients of Rise High and would highly recommend them. Over the years, James and his team have always been helpful and efficient. Karyn has helped us with our most recent loan and she has been fantastic. The team has always been able to work to our needs and timelines, they’re always willing to help, always on the ball and have a great can-do attitude.

Ly Nguyen

Client since 2018

Rise High client Phoebe

"Very Pleased!"

A HUGE thank you to Nhi & Bryan on the Rise High Financial Team, for their fantastic work. My husband and I have been engaging Thuy and her wonderful team since purchasing our first home back in (2011). Nhi & Bryan, we cannot thank you enough for all your staunch effort, fantastic communication and positive customer service in helping us secure our first investment property. Very Pleased! Thank you.

Phoebe Kavanagh

Client since 2013

Rise High client Daniel

"Expertise and professionalism"

Our experience with Rise High was amazing. The process ended up being so much simpler than we had thought thanks to their hard work. The expertise and professionalism they showed meant that it was one less thing for us to worry about. We were kept updated all the way and we're so happy to now be in our new home. We would highly recommend Rise High for anyone looking for these services.

Daniel Goldsworthy

Client since 2021

Rise High client Rachel

"have your interests at heart"

James and the team at Rise High were amazing. This was my first time getting a home loan, whereas for my partner has gone through the process with Rise High several times. I must admit I was a little nervous and heard of many bad experiences with other companies but this was certainly not the case. It was so easy, the team led us through the documents they needed and answered all my questions quickly, the whole process was absolutely seamless. James provided us with the best options so quickly and within 10 days we had approval. Pretty unheard of in this market at the moment, just goes to show with the right team anything is achievable. I would highly recommend Rise High to anyone who is looking for a mortgage broker who is trustworthy, reliable and who have your interests at heart.

Rachel Kim

Client since 2022

Rise High client David

"got me the best loan I am eligible for"

I had a great experience with Rise High Morgage Brokers. They saved me a lot on my loan and I am confident they got me the best loan I am eligible for. They communicated with me every step of the way and made the process really easy. Thank you

David Gill

Client since 2021

Rise High client Georgie

"No question is too complex"

The Rise High team are absolutely on point with everything. Their communication is 11/10. I've refinanced with them twice now and on to my 3rd loan. Each time I have been informed of every step along the way and kept in the loop with everything. No question is too complex. I've referred family and friends to Rise High and will continue to use them in the future!

Georgie Feronas

Client since 2018

Rise High client Rob

"Knocked this one clean out of the park"

I can't rate Rise High Financial Solutions highly enough. When dealing with banks and conveyancers and navigating the sometimes convoluted pathways to property ownership it's important to have expert advice and motivated staff in the form of the team at Rise High 'batting for you'. Thank you so much, you knocked this one clean out of the park. Rob 😊

Rob Allen

Client since 2007

Other Frequently Asked Construction Loan Questions:

Still looking for an answer? Here are some common questions you might want to explore when looking for the right construction loan:

Ready to find out more?

Our award-winning brokers are always here to support you in achieving your financial goals. With a fee-free service, complimentary loan reviews that save you money, and regular updates and communications, you can always be confident to have a lifelong financial partner that will keep your best interests at heart!

What are you waiting for?