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 Hamilton
LPLaurie Plooy
Mortgage Broker
0410 606 700
HWHeath Williams
Mortgage Broker
0419 472 212
SAStephen Applebee
Mortgage Broker
0432 901 005
JHJodi Hughes
Mortgage Broker
HSHayden Sarkis
Mortgage Broker
0413 466 053
CHCherie Hancock
Mortgage Broker
0486 037 633
NRNicole Romero
Mortgage Broker
0478 658 653
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.