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 Glenhaven
MRMartin Rambow
Finance For Life Pty Ltd
0418 472 553
MFMichael Fratto
Mortgage Broker
0408 610 161
PSPeter Shimmon
Keystone Financial Partners Australia Pty Ltd
0480 586 651
DMDaniel McClean
Mortgage Broker
0434 355 710
SAScott Adams
Mortgage Broker
0466 666 100
SMSam Mammoliti
First Step Financial Solutions Pty Ltd
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.