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 Cecil Hills
ZMZac Mircevski
Hedge Finance Group
0438 108 108
BCBea Challenor
Mortgage Broker
0424 199 329
RLRoss Latham
Mortgage Broker
0434 182 603
CDCol Duggan
Mortgage Broker
0407 210 751
PNPeter Nguyen
Mortgage Broker
0478 775 888
FPFrank Polistina
Mortgage Broker
0439 088 049
RCRachel Commins
Mortgage Broker
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.