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 Ascot
NFNathaniel Flack
Position Financial Services Pty Ltd
0488 315 999
JHJoshua Houlahan
Mortgage Broker
0429 905 080
MPMelanie Peter
Mortgage Broker
0412 676 863
ACAlyssa Cleaver
Mortgage Broker
0403 217 150
MDMatthew Dique
Mortgage Broker
0411 319 353
HGHamish George
Mortgage Broker
0435 806 492
ACAdrian Cross
Mortgage Broker
0418 669 302
RRRohan Reibelt
Mortgage Broker
0415 669 861
ESEstella Schmidt
Elevate Financial Advisory
0422 013 456
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.