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 Glenmore Park
BMBob Mallens
Mortgage Broker
0400 329 949
MDMichelle Dexter
Mortgage Broker
0421 333 791
SASteven Archer
Archer Financial Solutions Pty Ltd
0412 668 565
MSMichael Scully
Mortgage Broker
0414 691 378
MDMontana Dexter
Mortgage Broker
0452 001 204
TCTrevor Coutinho
FINTEC FINANCE
0430 202 463
ABAtri Bose
Links Capital International Pty Ltd
0478 164 035
JMJohn Manca
Mortgage Broker
0488 005 011
ABAndrew Burns
A and J Mortgage Solutions
0404 020 292
Leslie Smith
Mortgage Broker
0424 249 573
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.