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 Cremorne
PWPatricia Williams
Edney Ryan Mortgage and Finance PL
0416 358 251
MJMartin Jandera
Aspley Jandera Mortgages
0459 990 887
BMBlake Murray
Mortgage Broker
MMMark Meekin
Mortgage Broker
0418 114 498
VSVince Scully
Life Sherpa
0414 741 622
THTracey Hammond
Mortgage Broker
0404 682 672
SCSarah Cooper
Parity Capital
0434 646 668
GBGraison Burke
Loan Market Invictus
0420 277 527
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.