Finance

Finance made easy

At New Choice Homes we offer more than just exceptional home building services – we also provide easy finance options. Our one-stop-shop approach allows you to access in-house finance options, streamlining the process and saving you time and effort. From securing the right loan to managing budgets and understanding the financial implications of building a new home, our team are here to support you every step of the way.

With our personalised financial guidance and expertise, you can be confident that you’ll be making informed decisions that align with your goals and budget. To find out how we can get you into your new home quicker, fill out the form.

Talk to a home loan specialist

Whether you’re a first-time homebuyer or looking to upgrade, our experienced finance team will analyse your financial situation, identify potential opportunities, and provide you with personalised recommendations to accelerate your dream home journey.

At New Choice Homes, our free Finance Assessment doesn’t cost you a cent, but in the long run could save you quite a bit of money. The free Finance Assessment will provide you with clarity on your financial standing and allow you to explore your available options. During the assessment, our experienced home finance specialists will work closely with you to evaluate your financial situation, including your income, expenses, credit history, and existing debts. This comprehensive analysis, coupled with or extensive knowledge of the lending market enables us to determine your borrowing capacity and identify the most suitable financing solutions tailored to your needs. With access to over 60 lenders, there will be plenty of options to bring your dream home to life!

Discover your finance options

We know that navigating the world of home finance can be overwhelming, but our team is here to guide you through every step. Here are some of the finance options available to help you get started on building your new home:

First Home Owners Grant

Building your own property as a first home buyer means your eligible for the $10,000 first home owners grant (FHOG) what this means is, as well as not having to pay stamp duty on land under $300,000 you also receive a $10,000 grant from the government to help you out with construction and establishment costs.

Keystart Loans

Keystart is a unique lender backed by the WA government. With lower deposit requirements and no lender’s mortgage insurance (LMI), Keystart Loans are designed to make homeownership more accessible. This loan is particularly beneficial for first-time buyers or those with a smaller deposit.

Low Deposit Loan

If you don’t fit Keystart, we have other low deposit home loans available. That’s why it really helps to talk to one of our finance specialists, they have the knowledge and connections to weigh up the various lenders and make sure you have considered all the variables.

Construction Loan

A Construction Loan is specifically designed to finance the building of your new home. With this type of loan, funds are released in stages as the construction progresses, ensuring that your builder is paid throughout the process. This option helps you manage your budget effectively while your dream home is being built.

House and Land Loan

A House and Land Loan combines the cost of purchasing land and building your new home into one convenient package. This loan is ideal for those who want to simplify the financing process, allowing you to secure both the land and the home construction with one loan application.

Guarantor Loan

With a guarantor loan, a family member or close friend can use their property as security for your loan, allowing you to borrow more or avoid paying Lender’s Mortgage Insurance (LMI). This option can make it easier to secure a home loan and start building sooner.

How much can I borrow?

Wanting to know how much you can borrow? Our home loan calculator can assist you in determining your borrowing capacity, providing peace of mind.

Government assistance

If you’ve been thinking about building your own home, you’ve no doubt heard about the first homeowner grant, but do you know this is just one of many grants available for you to build your own home? We’ve put together the Ultimate Guide to Government Building Incentives, a helpful guide so that you can find out what’s available. Click the button below to download the free guide.

Download Guide