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 Fortitude Valley
KPKsenia Petrushko
Mortgage Broker
0400 769 889
MKMichael Kelly
RFS Finance Pty Ltd
0408 189 138
JKJames Kelder
0432393608
0432 393 608
LLLee Lee
Mortgage Broker
0422 351 906
JCJesse Crofts
Green Finance Group
0401 375 569
JMJoshua Morris
Fornaro
0499 257 138
SDSam Do
Do Financial Services
0423 366 995
SLStephen Lowe
Professional Financial Consultants Pty Ltd
0419 782 723
TFTony Fornaro
Fornaro
0402 790 280
DFDanielle Fordyce
Mortgage Broker
0439 908 828
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.