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 Cleveland
KLKaren Le Comte
Mortgage Matters (QLD) Pty Ltd
0430 049 393
JWJenny Wilks
CFOutsource Pty Ltd
0403 714 006
JBJean-Philippe Bosquet
Moreton Partners Pty Ltd
ELErin Le Comte
Mortgage Broker
0404 459 498
PMPaul Morton
PDM Property Finance Pty Ltd
0412 986 246
GHGraham Haughey
Inter Capital Pacific
0423 603 245
RGRick Garner
Crew Financial
0435 386 717
VHVictoria Hayward
Mortgage Broker
0437 265 506
DCDaniel Connor
Mortgage Broker
0412 939 530
SFShane Falconer
SIMPLY FIRST HOME LOANS PTY LTD
0438 774 092
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.