Build Your Dream Home
with Confidence
Construction Loans Made Simple
Five Easy Steps to
Secure Your Construction Loan
STEP 1: ASSESSMENT
ACTION: Get Pre-Approval (Optional but recommended)
DOCUMENTS:
✔️ Building Tender
✔️ Draft Building Plans and Specifications
STEP 2: SIGN CONTRACTS & SUBMIT PLANS
ACTION: Sign a Fixed Price Building Contract
THEN: Submit plans for Council Approval
DOCUMENTS:
✔️ Signed Fixed Price Building Contract
✔️ Council Submission Plans
STEP 3: FINANCE APPROVAL
ACTION: Submit financial documents for approval
DOCUMENTS:
✔️ As If Complete Valuation
✔️ Fixed Price Contract
✔️ Out of Contract Quotes
NOTE: Construction must be completed within 24 months
STEP 4: PROGRESS PAYMENTS
ACTION: Funds released in stages as construction progresses
DOCUMENTS:
✔️ Council-Approved Plans
✔️ Builder’s Insurance
✔️ Commencement Letter
NOTE: Customers must use all their equity first
STEP 5: FINALIZE YOUR BUILD
ACTION: Finalize your build
DOCUMENTS:
✔️ Occupancy Certificate
✔️ Building Insurance
✔️ Final Inspection Report
OPTIONAL: Apply for Loan Variations or Subdivision
Top Tips for a Smooth
Construction Loan Process
Start with Pre-Approval
It shows builders you're serious and gives you a clear budget.
Choose a Reputable Builder
A fixed price contract protects you from cost blowouts.
Track Your Equity
Lenders usually require you to use your own funds first.
Keep Documents Organized
Timely submission speeds up approval and disbursement.
Ask Questions
Don't hesitate to reach out for clarification on loan conditions or progress payments.
Ready to start BUILDING?
CONTACT US
Femi Ajetunmobi
Construction Lending Consultant
(310) 400-0668
Apply Now!
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