Stages of a House & Land Package Loan
Understanding the land purchase, construction loan and progress payment process.
The 3 Key Stages
Stage 1 - Land Purchase
We secure finance for the land component, confirm borrowing capacity and ensure your deposit and contract conditions meet lender requirements.
Stage 2 - Construction Loan Approval
Your construction loan is assessed separately, requiring plans, specifications and a fixed‑price builder contract for lender approval.
Stage 3 - Progress Payments
Construction loans are released in stages - slab, frame, lock‑up, fit‑out and completion. We coordinate each drawdown with your builder and lender.
How House & Land Package Finance Works
House & land packages involve two separate lending stages - land settlement and construction. Allenda Finance supports you through each step:
1. Land Purchase
We secure finance for the land component, confirm borrowing capacity and ensure your deposit and contract conditions align with lender requirements.
2. Builder Selection & Contract Review
We help you understand the builder contract, inclusions, variations and how they impact lending approval.
3. Construction Loan Approval
Your construction loan is assessed separately, with lender requirements for plans, specifications and fixed‑price contracts.
4. Progress Payments
Construction loans are released in stages — slab, frame, lock‑up, fit‑out and completion. We coordinate each drawdown with your builder and lender.
5. Final Inspection & Settlement
We assist with final valuations, inspections and loan completion to ensure a smooth handover.
This structured approach gives Gippsland buyers clarity, confidence and a seamless building experience.
From choosing your loan to receiving the keys, Allenda delivers a smooth, guided and confident building experience for Gippsland buyers.