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 Kensington
JCJulian Choo
Julian Choo Loan Market
0430 001 277
ALAlex Lambros
Loanmarket Unlimited
0414 642 299
ABAnthony Biviano
Mortgage Broker
SCSim Chan
Mortgage Broker
0429 632 385
SSSandy Sioris
Mortgage Broker
0425 437 604
DSDaiwei Song
Mortgage Broker
0411 131 788
MMMichael McKelvie
Mortgageport
0413 156 717
SKSimon Khoury
Mortgage Broker
0458 777 466
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.