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 Banora Point
GFGlen Fleming
Mortgage Broker
0414 184 180
TWTom Walker
Kingfisher Mortgage Services Pty Ltd
0414 926 958
POPeter O’Reilly
The Finance Shoppe Pty Ltd
0417 733 024
RFRobert Foster
Mortgage Broker
0420 422 636
ISIndiana Sing
Unlock Mortgage Solutions
0481 981 098
JMJenny Morgan
Mortgage Broker
0434 242 821
JSJames Stevenson
The Financial Fairway Pty Ltd
0415 907 083
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.