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95% Land Loan

The first step to building your own home is to find the land to do it and buy the land, and for the majority of would‐be home builders or investors this is where the story ends. Most mortgage brokers don’t understand the intricacies of finding a land loan. Other times, buyers find they are locked into a land loan that forces them to refinance before beginning to build.

Why Land Loans Can Be Difficult To Source And Secure

Buying land can be a risky business. If the housing market is flat or falling, land can be difficult to sell: far more so than an established house. From the lender’s point of view, if the borrower defaults, it is very difficult to recoup the loan from vacant land. This is especially true of land in rural areas. This is why many lenders refuse to offer land loans, and of those that do, the majority won’t extend more than 80% of land value.

  • Building Loans Australia has access to land loans that are not restricted by postcode, and offer financing for up to 123 acres (the usual limit is 2 acres with most of the banks that do offer land loans).
  • Even better, we have access to 95% land loans. That means you get to put down far less of your cash as a deposit, and will have money available to help fund the next stage of development (as well as ensure contingency funding is available).

Use Our Expertise And Our Connections

Most lenders won’t lend up to 95% on land, but our experience and knowledge of the market enable us to source these valuable mortgage deals as well as operate in several land loan niches, such as:

  • Vacant land loans with no requirement to build within a certain time frame
  • Rural land loans (must have a sealed road leading to land)
  • Acreage land loans up to 123 acres (must not be income producing, hobby farm okay case by case)
  • Investment land loans
  • Residential land loans

Other Benefits Of Using Building Loans Australia For Your Land Loan Includes:

  • We’ll search and negotiate the most competitive loans, often with a discount from standard variable rates
  • We have access to lenders who include discounted mortgage insurance rates
  • Some of our lenders don’t charge any ongoing fees for land loans
  • We’ll discuss all options with you before finding the very best land loan for you

Don’t Meet The Criteria For A Land Loan? Don’t Worry!

Many would‐be land buyers have been told by other agencies that they don’t meet the standard criteria needed to secure a land loan. These are:

  • 5% in savings (cash or equity). (We can use capital that cannot be immediately accessed in our calculations)
  • An employment history that includes being in your current job for at least 12 months
  • A clean credit record, with no defaults or bankruptcies
  • Strong borrowing capacity

Even if you don’t satisfy all these criteria, Building Loans Australia work with lenders that provide exceptions to these rules and still offer 95% land loans.

If you have found the perfect land for your house building project, but want to save as much of your capital as possible to spend on the build itself, we’ll find the most competitive lender with the cheapest rates and keenest criteria. All you have to do is contact Building Loans Australia today.

“Just wanted to stop for a minute and express that how grateful we are for all the help and professionalism you have demonstrated thus far.

You have shown an utmost customer service in addition to your knowledge and experience. You have made this experience a pleasure for us and I am very happy to refer your services to others and also provide a formal reference.

Once again, many thanks.”

David Singh (Western Australia)

“Special thanks to Craig Vaughan, who all though the process was very forthcoming and always available to my queries.
Job well done!”

Srindhi Alphonse

“Extremely helpful and prompt in service. Dealing with Ian and his team was easy and we will not hesitate recommending his services, and using his services in the future.”

Kirsty Jackson

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