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 Toronto
GHGraham Hills
Mortgage Broker
0411 313 051
KLKristen Lanfranchi
Lake Macquarie Jetty Finance
0417 752 251
AGAnne-Marie Godwin
Mortgage Broker
0427 067 279
JCJared Connors
Mortgage Broker
0466 663 920
GNGreg Nolan
Eastern Financial Solutions
0418 634 428
DNDarren Nichols
Mortgage Broker
0428 668 074
BMBrooke Malone
Home Malone Finance
0499 077 290
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.