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 Glenbrook
DJDavid Jackson
Great Aussie Dream
0408 668 414
LJLeonie Jackson
Great Aussie Dream
0407 010 288
JPJoel Pusic
Mortgage Broker
0404 469 450
DHDavid Hinde
Mortgage Broker
0419 267 291
KPKerie Phillpott
Mortgage Broker
0427 507 830
HHHenry Hinde
Mortgage Broker
0467 549 007
PSPaul Swatridge
Edu Mortgage Solutions
0413 599 442
JLJustin Leaney
Mortgage Broker
0410 515 616
APAnne Palmer
Local Loan Store
0412 311 777
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.