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 Bundall
DPDan Peters
Certitude Capital Pty Ltd
0405 053 155
KCKarley Chapman
Mortgage Broker
0466 882 431
GMGregory McCann
Wealth Managers Australia Pty Ltd
0410 803 215
AMAshley McLean
Mortgage Broker
0402 994 556
NGNatalie Gale
Resolve Finance Surfers Paradise
0407 121 217
EHEd Harris
Future Focus Finance
0487 650 258
EVEghard van der Hoven
Mortgage Broker
0409 881 817
DVDavid Vickerman
Pacific Mortgage Corporation Pt yLtd
0414 757 110
TCTrent Clyne
Ufinancial
0432 982 400
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.