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 Belrose
SAStuart Armstrong
Armstrong and Fairburn Lending Services Pty Ltd
0402 014 440
JSJim Sharif-Akhtar
Mortgage Broker
0414 346 434
SSSam Shabro
Aussie Frenchs Forest
0416 917 699
CHCate Huang
Catie The Conveyancer
0450 168 588
PMPeter Mullane
Mortgage Broker
0405 153 090
BRBrian Rusten
Mortgage Broker
0411 066 616
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.