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 Prestons
AHAbbey Hbous
Mortgage Broker
0403 134 996
MKMohan KC
Mortgage Broker
0431 392 958
AKAitesh Kumar
Mortgage Broker
0412 888 165
ASAndy Singh
Mortgage Broker
0455 116 008
DPDavid Pruscino
Mortgage Broker
0481 522 042
BSBabeeta Sharma
Divine Loans
0402 467 469
Jitesh Raniga
A1 FINANCIAL SERVICES PTY LTD
0403 914 486
CSChristeen Smith
PATHWAY MORTGAGE BROKERS PTY LTD
0404 037 529
IGIggy Grujicic
Mortgage Broker
0407 898 192
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.