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 Jerrabomberra
ZHZiling Huang
Canberra Pty Ltd ATF Canberra Trust
0420 678 969
ACAndrew Cole
Schofields Financial Solutions Pty Limited
0407 203 616
DWDavid White
Mortgage Broker
0432 734 501
FDFiona Doyle
Mortgage Broker
0412 351 698
PLPeter Leeson
Mortgage Broker
0435 073 010
EDEvie Dunn
DB Finance Australia Pty Ltd
0468 622 652
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.