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 Girraween
JKJames Kingsley
Fortis Partners Pty Ltd
0418 200 070
SKSrujana Kota
Mortgage Broker
0452 547 890
ASAjit Singh
Mortgage Broker
0411 522 048
SVSree Vanam
Mortgage Broker
0478 311 069
AGAshwani Gupta
Safe and Secure Loan
0431 081 629
VRVenkat Ramakrishnan
Ventura Finance Pty Ltd.
0401 019 701
SSSomy Skariah
Poika Pty Ltd T/A AbuBuy Finance
0415 136 679
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.