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 Croydon
BDBilly Davidson
Mortgage Broker
0421 859 497
GGGreg Ge
Golden Fountains Finance
0425 666 639
LKLuke Kenniff
Harvest Agents and Advisory
0409 992 715
CKChristine koukouras
Mortgage Broker
0406 741 992
TGTim Gould
Verde Financial Pty Ltd
0420 634 025
LSLaurie Soueid
Mortgage Broker
0405 546 256
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.