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 Glenfield
SSSuresh Sherchan
secured nest mortgage & finance
0410 765 739
SSShanti Srinivasa
Mortgage Broker
0438 334 153
MRMick Ristevski
PORTA FINANCE GROUP PTY LTD
0475 557 755
JMJohn Menezes
Mortgage Broker
0432 062 843
JPJason Pradhan
Mortgage Broker
0430 212 566
MBMilan Banker
R Square Solutions Pty Ltd
0421 542 714
SKSamia Khan
Mortgage Broker
0434 010 323
SSSherpa Sherpa
Mortgage Broker
0433 438 389
HPHarsh Pawar
Mortgage Broker
0404 069 765
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.