Finance for Prefab Modular Homes

After years of limited options, financing a prefabricated modular home is finally becoming more accessible in Australia. One major bank is now providing construction loans with staged progress payments that support both off-site manufacturing and on-site installation, with many other lenders not far behind.

At Ecoliv, we are working to partner with leading banks and have a network of trusted mortgage brokers to ensure your project aligns with lender requirements and funding milestones. With our proven experience in prefab financing, we’ll guide you through each stage with clarity and confidence—making the journey smooth, transparent, and stress-free.

Banks

Commonwealth Bank

CommBank has recently introduced initiatives to simplify prefab modular financing and joined industry efforts to support off-site construction. What they offer:

Construction loans with progressive drawdowns to support prefab projects during the factory build stage.
After the final progress payment, the loan converts into your chosen home-loan type.
A dedicated Prefab Homes policy and brochure outlining funding during off-site and on-site stages.

LINK TO CBA PREFAB PAGE

Mortgage Brokers

Engaging a mortgage broker can be invaluable when financing a prefab or modular home. What they offer:

Expert guidance – Navigate non-traditional finance requirements and progress payment structures.
Access to a wider panel of lenders – Brokers can identify banks with modular-friendly policies.
Time-saving – They manage valuations, inspections, and paperwork on your behalf.
Best interests duty – Brokers are legally required to act in your best interests.
Widely used – More than half of Australians now secure their home loan through a broker.

Recommended Mortgage Broker Contacts

Ecoliv recommends working with brokers who understand prefab and modular financing:

Conscious Financial – Specialists in sustainable home finance with experience in prefab modular building pathways. LINK

Chris Bailey – Experienced broker with a strong track record in securing construction finance for our prefab modular projects. LINK

How Ecoliv Helps

We provide loan-ready documentation (HIA contracts and staged progress schedules, architectural drawings, project and materials specifications)
We can collaborate directly with your broker and lender to help streamline the funding process.
We guide you step-by-step to align build milestones with lender requirements.

Important Considerations

Accessing funds before the home is fixed to land means the land is the only security during that period.
Ensure your lending option aligns with Ecoliv progress claim payments
Always seek independent financial and legal advice to understand protections, risks, and insurance requirements.