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 Coolum Beach
NENathan Elliott
Heavy Vehicle Finance
0422 581 915
RHRenee Hohenhaus
Mortgage Broker
0410 413 196
TFTeresa Fisk
Justresse Finance Solutions PTY LTD
0411 893 627
GMGordon MacVicar
Mortgage Broker
0447 905 133
LBLarissa Barton
Mortgage Choice Coolum Beach & Noosaville
0419 716 439
LDLea de Groot
Mortgage Broker
0423 928 458
TETarek El-Din
Mortgage Broker
0426 049 296
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.