Need finance for your new home?

We can help.

By our count, there are about 34 opportunities for our customers to get lost, confused, delayed or frustrated managing their own construction loan, and that’s if they’re only negotiating with 1 bank or lender.

With your Clarendon Home construction loan specialists who are backed by Loan Market, you delegate the responsibility to 1 committed professional who makes it their mission to negotiate 100s of attractive rates and products with over 30 well-known lenders to secure finance that fits your plans and your timeframe.

And they do this for Clarendon Home customers every single day.

Distinct benefits of working with a Clarendon Homes Finance Managers

  1. Finance your home with us and receive a $500 Eftpos Visa Giftcard*
  2. A panel of 30+ lenders and 100s of loans including exclusive offers
  3. Specialist negotiators securing competitive interest rates
  4. No interest charged on any overdue progress payments
  5. The provision of a tender expiry guarantee to protect against price increases
  6. Only $10,000 required before contract
  7. Only 5% deposit required before construction
  8. Our construction loan expertise and service comes at no cost to you

*This offer is only applicable to loans secured and finalised (i.e. unconditional loan approval) by our Finance Manager. $500 Eftpos Visa Gift Card will be issued with your handover pack upon completion of your new home and cannot be redeemed or exchanged for cash or any discount.

Why use our Construction Loan Specialists

Home Finance From Clarendon Homes - Reason Image

We have the power to negotiate a competitive deal with over 30 banks and lenders you know and trust, giving you confidence we will find the right loan for you

Home Finance From Clarendon Homes - Reason Image

Find the right interest rate, structure and flexibility for your situation

Home Finance From Clarendon Homes - Reason Image

We do the legwork and paperwork for you in 6 easy steps so you don't have to

Home Finance From Clarendon Homes - Reason Image

We cut out the middleman and become your main point of contact throughout your new home journey

Loan Calculator.

Know your borrowing power

Find out how much you could borrow, and how much repayments would be for your loan size.

It's important to shop around - bank and lenders all use different criteria to calculate how much they will lend you. Your borrowing capacity between two banks could be thousands of dollars - the difference between building your dream home or settling for your second favourite.

Our Finance Managers know what each lender is looking for and will use the strengths of your application to maximise your borrowing capacity.

Need some construction loan guidance?

Complete the form below and let our team of Finance Managers help you with anything finance related, every step of the way. You have nothing to loose! Our construction loan expertise and service comes at no cost to you.

Ticked It's just me Unticked There's two of us
Ticked Construction loan for a new home
Unticked Knock Down Rebuild
Unticked Refinance an existing home loan
Unticked Repurchase an existing home
Unticked Top-Up home loan

Meet the Finance Team

Team Member Image
Rakesh Swami
Construction Finance Manager

Rakesh has a passion for helping people, and moved into the field of mortgage broking 10 years ago to do just that. His personal motto is ‘Get the job done’ and Rakesh will use his skillset, knowhow and experience to make that happen. For many years, Rakesh specialised in residential construction loans and he also has broad experience with commercial, equipment, and business finance. Rakesh, who is a member of the FBAA, completed a degree in Business Administration & Finance at the University of Sydney. He also completed a Diploma in Business Management and Certificate 4 in both Mortgage Broking and Insurance Broking.

Team Member Image
James Downey
Construction Finance Manager

You’re in safe hands with James. He is a true expert in the world of mortgage broking and wealth management, bringing to the table over 20 years’ financial services expertise in these areas. As a construction finance specialist, James puts his knowledge to great use ensuring he provides customers with loan solutions for their current and future needs. As well as being a member of the FBAA, James has extensive training and education, including a Diploma of Finance & Mortgage Broking Management from the National Finance Institute.

Team Member Image
Michael Chadwick
General Manager Home Finance

A strong relationship person who has exceptional loyalty, Michael takes great pleasure in helping customers reach their financial goals and achieving their dreams when they didn't think it possible. Having worked in finance for 27 years, Michael knows a thing or two about all types of finance and has helped many customers become financially successful. A family man with three children, when he’s not chasing a better finance deal for customers, he is chasing his kids, cruising on his motorbike or sampling wines on his Mudgee property.

Frequently Asked Questions

How much deposit do I need to purchase a property?

Typically lenders ask for 20% of the total house price before they’ll consider giving you a loan but there are a number of ways around this. Some lenders will accept a smaller deposit but it’s likely that you’ll need to pay Lenders Mortgage Insurance (LMI).  There might also be grants that you can take advantage of. Get in touch to chat about your options.

Can you help me understand my borrowing capacity?

Of course! Borrowing capacity refers to how much you can borrow from a lender. As your borrowing capacity can differ widely from Lender to lender, get in touch today and we can help you understand your maximum borrowing power from the 30 plus lenders we have access to.

How will you decide which loan is best suited to my circumstances?

With more than 30 home lenders on our panel, you and I are spoiled for choice. We narrow the search down by first understanding your needs and objectives. We will show you the features of each loan and explain the benefits, allowing you to make an informed choice which lender and loan you would like to apply for.

Does it cost to use a broker?

You do not pay a fee for our services. Instead, we’re paid a commission by the lender you choose for doing the work on their behalf and looking after your home loan needs ongoing. Learn more here and get in touch if you have any questions. 

What fees should I be aware of when purchasing a property?

There are several fees that often aren’t discussed in length when buying a property. These include stamp duty, application fees, pest and building inspections and more. Get in touch with a broker today for an up-front conversation about all the hidden fees. Find a summary here. 

What grants are available to me?

There are many grants that are available for those wanting a home loan and the options differ from state to state. To find out what grants you are eligible for, get in touch with our Home Finance Managers to help you understand what grants you could be eligible for.

How much does it cost to refinance?

Some of the costs you’d expect to pay include discharge, application and settlement fees and we work with you ensure that the savings outweigh the costs when refinancing from one lender to another. To find out how much you can save by refinancing your loan, give us a call. 

What is Lenders Mortgage Insurance (LMI)?

LMI is required if you need to borrow more than 80% of the value of the property you are purchasing. You pay a premium which can be funded in the home loan and it protects your lender if you can’t pay your loan and the home needs to sold.

Compare our panel of lenders

Search Australia's biggest banks plus a range of over thirty specialist lenders. Home Finance From Clarendon Homes
Home Building 20.02.22

Your Finance Checklist for Buying a New Home

Whether you're buying a block of land, building your new home, knocking down your existing home or buying a house and land package, understanding the finance component of your journey can be daunting and confusing. That's where our finance service comes in.
Home Building 15.04.22

6 easy steps towards your construction loan

A construction loan is a mortgage designed specifically for people who are building a home, rather than buying an established property.
Home Building 15.08.21

How To Manage Rent and Mortgage Payments While You Build

Building a new home entails plenty of considerations, and a lot of those decisions are centred around the house you’re building: the design, the facade, the inclusions, the finance…
Clarendon Homes 13.08.21

What is a Construction Loan, and How Does it Work For You?

A construction loan is the best option when building a home

Send An Enquiry

By completing this form I agree to receiving future email communications from Clarendon Homes from which I can choose to unsubscribe at any time.
Send an Enquiry