Construction Loan Document Checklist
Construction loan files need the standard income and liability documents plus the building contract and related construction paperwork. The building contract is the document that drives the loan structure, so collecting it early is essential.
Documents to collect
Fixed price building contract from a registered builder
Confirm the contract price, inclusions, exclusions, variations, and builder registration details.
Council approved plans and specifications
Confirm the plans match the building contract and the development approval is current.
Builder insurance certificate (home warranty insurance)
Confirm the builder has current home warranty insurance as required by state legislation.
Land title or contract of sale for land (if purchasing land)
Confirm land ownership or purchase details, settlement date, and any encumbrances.
Income documents (payslips, tax returns as applicable)
Verify current income to support the construction loan.
Read the full guide →Three months of bank statements
Match salary credits and verify available funds for the construction deposit and progress payments.
Read the full guide →Tips
- ✓Provisional cost items and excluded works can push the final build cost above the contract value
- ✓Walk the client through how progress drawdowns work before they sign the building contract
- ✓Check whether the lender requires a quantity surveyor report for the construction valuation
How QualifyMate helps
QualifyMate handles the income, liability, and bank statement side of the file so brokers can focus their time on reviewing the building contract and modelling the progress payment schedule.
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