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 Bowen Hills
DVDee Van Tienen
Mortgage Broker
0423 411 443
EREwan Ramsey
ramsey property wealth
0404 177 283
TJThomas Johnson
Arch Financial Group Pty Ltd T/as TJ Finance
0405 678 007
SCSam Coulam
Coulam Investments Pty Ltd
0417 172 995
SSShalini Sharma
Mortgage Broker
0412 751 902
RBRyan Barton
Mortgage Broker
0430 550 656
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.