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 Ashgrove
JRJarrod Ryder
VIRTUE FINANCE GROUP PTY LTD
0413 306 081
JEJem Erdonmez
Mortgage Broker
JBJulia Bamman
Fornaro Financial Services
0411 442 268
SPSonya Powe
Sapphire Finance Brokerage
0420 954 432
KMKara Miller
Westbridge Finance
0413 459 830
OBOscar Bhandari
Mortgage Broker
0404 097 505
EWElly Wordsworth
Empowered Financial Solutions Pty Ltd
0491 052 776
JBJeremy Bird
Mortgage Broker
0412 823 211
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.