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 Burraneer
HSHilary Smith
Bay Home Loans
0403 630 831
JSJohn Stivactas
Mortgage Broker
0401 680 141
TKTony Kelly
Kelly Home Loans
0419 601 873
SASharryn Amesbury
Amesbury Financial Solutions
0414 405 384
KNKristi Natoli
Mortgage Broker
0432 368 843
PSPraneel Singh
BULA Capital Pty Ltd
0448 380 889
NWNick Wilcox
Blue Crane
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.