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 Dover Heights
JGJodi Gelbart
Mortgage Broker
0410 785 066
GPGary Phillips
Mortgage Broker
0413 100 302
DPDiego Piatta
Fintoro PTY LTD
0414 493 434
KWKyle Weltman
Mortgage Broker
0400 779 331
JDJared Dozetas
Mortgage Broker
0415 873 869
LZLiz Zaki
Mortgage Broker
0433 426 611
MCMichael Christie
Mortgage Broker
0409 921 409
RTRyan Taibel
Mortgage Broker
0412 388 738
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.