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 Alexandra Headland
RTRoss Turner
Mortgage Broker
0411 413 414
CLCaleb Langelaan
Holidays at Home Pty Ltd ATF CNL Trust
0429 599 560
KBKeith Balmer
Svelte Finance
0412 181 591
KEKaz Emerson
Lending Options Pty Ltd
0410 537 144
BMBec Millsom
Mortgage Broker
0409 570 482
NBNicholas Barker
Brokers for Qld Pty Ltd
0499 242 643
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.