Whether you are planning a new build, buying house and land, or taking on a turnkey contract, we compare 15+ NZ lenders to find the right construction loan structure for your situation. Free advice, no obligation.
Tell us a few details about your build plans. A senior adviser will call you within 24 hours (business hours) to walk through your options across 15+ lenders.
60 seconds. What stage you are at, your build budget, and a couple of details so we can scope your loan structure properly.
Rate, deposit requirement, progress payment terms, builder approval, contingency allowance. Not every lender accepts every build, we find the ones that accept yours.
So you can sign your build contract with a clear budget and confidence. We stay engaged through the whole build, not just at sign-off.
Stories from clients who built through Fundmaster
"Go talk to the guys at Fundmaster because they will set you up with goals that will achieve your end result, which is buying a house."
"Other brokers declined me. I saw a Fundmaster ad on Facebook and reached out. They worked really hard on my mortgage and got it sorted."
"My application was one of the toughest, but Rochelle, Dave and the team stood by us and got us into our first home. Highly recommend Fundmaster."
We're proud of the positive impact we've had on our clients' lives. Here are some heartwarming stories from Kiwis who've achieved their dreams with our help.
Andy and Annamarie dreamed of having their own nest to call friends and family to. Like many first-time buyers, they felt overwhelmed and unsure where to start. That's where Fundmaster stepped in. We guided them through the entire process, from clarifying their options to securing the perfect home loan. Today, they're proud homeowners, hosting gatherings in their very own space.
After moving to New Zealand, Vikram and Amrita felt lost in the unfamiliar property market. Our team, led by Dev, provided the local expertise and personal touch they needed. We helped them navigate the complexities of buying a home in a new country, turning what could have been a stressful experience into an exciting journey. They now highly recommend Fundmaster to anyone looking to buy their dream home in New Zealand.
Dev Dhingra · Founder, CEO and Principal Adviser, Fundmaster
I founded Fundmaster in late 2012 with a simple idea: mortgage advice should be personalised to your goals, not treated like just another loan application.
Thirteen years on, our team has helped over 10,000 Kiwi families into their homes and settled more than $2 billion in lending. In 2022 we were named NZMA Mortgage Brokerage of the Year. I still take client calls every week, because the day I stop talking to homeowners is the day I lose touch with what they actually need.
A construction loan releases funds in stages as the build progresses (foundation, frame, lock-up, fit-out, completion), and you only pay interest on what has been drawn down. Once the build is finished, the loan typically converts to a standard mortgage. A regular mortgage releases everything at settlement, which does not work for a build.
Most lenders want 20% deposit for construction. Some lenders offer up to 90% LVR (10% deposit) on new builds, and Kāinga Ora options can support 5% deposit for first home buyers building a new home. The right deposit depends on which lender accepts your build contract and your situation, which is exactly what we sort.
Both. House and land packages are usually structured as a single loan where the land settles first and the build draws down in stages on top. Standalone builds (where you own the land already) are typically a separate construction loan against the existing land equity. We handle either.
Yes, and we strongly recommend it. Pre-approval gives you a real budget before you commit to a builder, and avoids the painful situation where the contract is signed but the lender will not approve the structure or price. We can have pre-approval back within 48 hours of getting your documents.
We build a contingency buffer into your loan structure from day one. If costs rise mid-build (and they often do), we can apply to the lender for a top-up using your existing equity. The earlier you flag it the smoother it goes, which is why we stay engaged through the whole build, not just at sign-off.
Yes, completely free. Fundmaster is paid by the lender when a loan settles, not by you. There are no hidden fees and no obligation to proceed if you do not want to.
Free expert review of your construction loan options across 15+ NZ lenders.
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