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 Rhodes
CWCameron Wiles
Mortgage Broker
0402 376 010
RSRach Shrestha
Mortgage Broker
0427 938 481
NSNayesh Shah
Mortgage Broker
0424 266 225
JKJohn Kim
Mortgage Broker
0433 390 648
RDRomy Dhungana
Mortgage Broker
0414 547 838
JMJenish Manandhar
Mortgage Broker
0414 540 253
JWJames Wu
Mortgage Broker
0425 346 262
HYHongshu Yu
Mortgage Broker
0415 800 608
BPBo Peng
Mortgage Broker
0449 870 607
EGEva Ge
ACA Mortgage Services Pty Ltd
0404 077 288
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.