Building a home requires specialized financing with progress payments and different structures to standard home loans. Construction loan specialists understand builder contracts, progress draw schedules, and council requirements.
Why Use a Construction Loans Specialist?
- Progress payment draw-down structures
- Land and construction package finance
- Knock-down rebuild loan expertise
- Owner-builder loan options
- Fixed price contract requirements
Construction Loans Brokers in Austral
PSPradip Shrestha
Mortgage Broker
0434 372 734
EKElijah Kumar
Mortgage Broker
0405 637 596
RSRishikesh Sapkota
Mortgage Broker
0431 600 124
SNShekhar Nakarmi
Mortgage Broker
0430 300 298
YEYolanda Estepa
Y & B Mortgages P Ltd
0400 544 813
JHJohn Hasrouny
Mortgage Broker
0402 574 188
SDSonia de Leon
Godseed Pty Ltd
0414 772 135
STSWETA Thakar
Riberry Finance Pty Ltd
0425 246 647
LTLisa Tangka
Mortgage Broker
0404 222 015
LJLuke Jakovich
Mortgage Broker
0419 005 678
Frequently Asked Questions
How do construction loan repayments work?
During construction, you typically only pay interest on funds drawn. Once complete, the loan converts to a standard principal and interest home loan.
What deposit do I need for a construction loan?
Most lenders require 20% of the total cost (land + build). Some allow less with LMI. You'll also need funds for council fees and other costs.
Can I get a construction loan for an owner-builder project?
Yes, but options are more limited. Lenders typically require higher deposits and may have stricter requirements for owner-builders.