HS Finance — Funding Your Build or Renovation
Designing and building a home that perfectly matches your vision is a dream for many homeowners. Others choose to upgrade or renovate their existing property to improve comfort, functionality, and lifestyle. Whether you’re starting from the ground up or transforming your current space, HS Finance helps you access tailored finance solutions to bring your plans to life — smoothly and confidently.
Choosing the right Construction Loan
HS Finance specialists can guide you through funding options for purchasing land, building a new home, buying off-the-plan properties, or securing house-and-land packages — helping you structure finance that suits your goals.
There are several ways to finance your plans. If you’re constructing a new home, a staged construction loan may be a smart choice. For renovations, you might consider refinancing your existing home loan or exploring a personal finance option, depending on the scope of the project. The HS Finance team will walk you through each pathway, compare suitable solutions, and help you choose a loan aligned with your needs and budget.
What is a construction loan?
A construction loan is a specialised type of funding designed for building a property. Instead of receiving the full loan amount upfront, funds are released in stages as construction progresses. Applicants are typically required to contribute a deposit and submit detailed building plans and contracts during the approval process. The loan is secured against the property being constructed.
How is a construction loan different from a standard home loan?
A traditional home loan usually provides the full funds at settlement when purchasing an existing property. A construction loan operates differently — payments are released progressively at key build stages and are paid directly to the licensed builder.
During construction, many lenders allow interest-only repayments based on the amount drawn so far. Once the build is completed, the loan usually converts to regular principal and interest repayments. This structure helps manage cash flow while your home is being built.
How is a construction loan different from a standard home loan?
A traditional home loan usually provides the full funds at settlement when purchasing an existing property. A construction loan operates differently — payments are released progressively at key build stages and are paid directly to the licensed builder.
During construction, many lenders allow interest-only repayments based on the amount drawn so far. Once the build is completed, the loan usually converts to regular principal and interest repayments. This structure helps manage cash flow while your home is being built.
Financing a house and land package
Purchasing a house and land package typically involves two linked finance arrangements. The land purchase is handled similarly to a standard mortgage, while the construction of the home is funded through a staged construction loan. HS Finance can help structure these together to streamline the process.
Fully-Featured Mortgage Loans
At HS Finance, we believe in keeping things clear, simple, and transparent.
Our goal is to deliver all the benefits you’d expect from a major bank, while offering competitive interest rates and minimal fees to better support our customers.
Home loan
Purchase or refinance a property for your own home or an investment
Construction Loan
Short-term loan that provides the funds to build a residential property
Bridging Loan
Consider Yard's bridging loan if you need to buy before going through the process of selling an existing property
SMSF Loan
Purchase or refinance a residential and commercial property through your Self-Managed Super Fund (SMSF)
Asset and equipment finance
Asset and equipment finance for smarter business growth
Refinancing solutions
Smart refinancing solutions to improve cash flow flexibility
Personal loans
Flexible personal loans tailored to your goals and budget needs
Commercial loans
Commercial loans designed to support business growth and investment
Deposit requirements for a construction loan
Deposit expectations vary by lender. Many prefer around a 20% contribution, although lower deposits may be possible depending on eligibility. In some cases, lenders mortgage insurance (LMI) may apply. HS Finance can guide you through available options based on your circumstances.Renovation finance options
The right renovation funding solution depends on the scale of your project. If savings alone aren’t enough, HS Finance can help explore suitable pathways such as:- Refinancing your home loan to access built-up equity
- Using a construction-style loan for major structural upgrades
- Applying for a competitive personal loan
- Leveraging savings, redraw facilities, offset balances, or investments