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 Burleigh Waters
JCJason Cuerel
Mortgage Innovations
0403 539 934
JKJake Krause
Mortgage Broker
0407 116 051
MSMichael Stewart
Escalate Finance
0419 280 781
JFJustin Forbes
LOANS4YOU PTY LTD
0417 144 711
NMNoel Maher
Finance Future
0411 158 273
NFNathan Freebody
Mortgage Broker
0404 547 693
BCBen Courage
Mortgage Broker
0429 063 111
MCMichael Caddle
The Bay Broker Pty Ltd
0484 000 918
WSWill Sweet
Mortgage Broker
0416 822 590
GPGreg Paul
THE BURLEIGH BROKER PTY LTD
0410 696 593
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.