Build Now, Pay Later with HomePay
HomePay is a home loan with no out-of pocket mortgage repayments on both build and land during construction
Built by independently audited builders
Industry leading build times backed by market competitive rates
Continue enjoying the lifestyle you always have while you build
Step 1: Partner with a HomePay Accredited Builder.
Step 2: Pay your deposit and settle your loan with a HomePay lender.
Step 3: Enjoy up to 12 months with no out of pocket repayments while your new home or investment is built!
It really is that simple! Contact us now to get started!
Rates - Variable HomePay Construction Loan
Mainland Australia
- Owner Occupied from 6.69% ongoing
- Investor from 6.99% ongoing
Terms and conditions apply.
Who is HomePay for?
First Home Buyers
Ideal for people currently renting who would struggle to manage rent and mortgage repayments simultaneously. HomePay provides a tailored solution to ease the transition from renting to homeownership. Plus, first home owner grants are accepted.
Second Home Owners
Designed for homeowners who want to build a new home but need to navigate the process of selling/renting their current property while their new home is under construction.
Investors
Designed for investors looking to build a new rental property and want the convenience of timing loan repayments once the property begins generating rental income.
How does HomePay work?
If you are ready to begin your HomePay journey, click “Get Started”.
Personalised build package
HomePay will connect you with a HomePay accredited builder and a mortgage broker who can offer the HomePay loan product from our lenders.
HomePay Accredited Builder:
Your builder will guide you through their designs and work with you on your package. This phase concludes once you're satisfied and ready to sign a contract, pending finance approval. Additionally, discussions regarding deposits for land can be addressed during this phase.
HomePay Partner Brokers:
Whilst working with your builder you will also need to engage a mortgage broker. HomePay loan applications must commence through a mortgage broker, who will conduct a financial assessment similar to a traditional home loan process. This ensures the right financial product for your situation.
HomePay is available to over 2,000 brokers nationwide, providing you with the flexibility to choose your desired broker or seek recommendations from HomePay for a broker who we know understands the HomePay process in depth. If your preferred mortgage broker doesn’t have access to HomePay finance we can also onboard them. Ask your broker to click on "Partner with HomePay".
HomePay loan application
Your mortgage broker will submit your application that will require a subject to finance build contract from your builder in step 1. Our lender will then assess your application which usually takes around 5-7 business days if all documents have been provided correctly.
Loan approval!
Once your loan is settled, your build contract becomes unconditional and the build process begins! During this period, there are no out-of-pocket loan repayments while your HomePay accredited builder brings your dream home to life!
During the build
You'll continue to receive regular updates on the progress of your build directly from your builder. Stage payments for the builder will proceed as usual, facilitated by your mortgage (including stages like slab, frame, lockup, etc). However don’t worry, you won’t have any out-of-pocket loan repayments while your house is built!
Behind the scenes
HomePay monitors the status of all HomePay builds underway with our accredited builders.
If you've engaged a builder or broker independently, we encourage you to inform us about your build by letting us know on the link below. This enables us to include it in our review platform with the accredited builder, ensuring seamless oversight. Best of all! HomePay doesn't charge you anything for this service.
House completion
Once complete, you’ll move into your dream home, or if you’re an investor your tenants can move in and begin paying rent! At the end of your no out-of-pocket repayments time frame your loan & repayments will resume as normal.
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Reduce financial pressure and get into your new home sooner with HomePay!
HomePay - Build with confidence, finance with ease.
Our customers
Make the dream of owning your own home a reality
We work with local builders who have demonstrated a record of quality constructions.
Get Started
