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 Buddina
TUTerri Unwin
Mortgage Broker
0419 734 704
SSStephen Skeen
Mortgage Broker
0439 996 844
MPMario Patane
Mortgage Broker
0448 840 620
JCJackie Collins
Mortgage Broker
0418 697 517
LRLance Rowlands
Wealth Directions
0407 287 678
BNBrad Nolan
Mortgage Broker
0410 574 505
CCChris Cloete
Mortgage Broker
0448 771 414
SMScott McPherson
Mortgage Broker
PWPeter Watman
AAA Finance and Insurance (Australia) Pty Ltd
0754 931 222
KMKatie Muir
Mortgage Broker
0431 784 680
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.