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 Gold Coast
WGWil Garner
Brodribb Pty Ltd T/as Astute Paradise Point
0423 215 319
THTim Hart
Mortgage Broker
0477 290 490
ADAndy Derham
Mortgage Broker
0415 719 185
AGAdivya Gharde
Mortgage Broker
0421 374 045
WSWill Spry
Mortgage Broker
0403 446 578
JWJarvis Wenzel
Mortgage Broker
0413 157 274
DJDusan Jovancevic
Mortgage Broker
0413 548 484
SDShehan De Silva
Mortgage Adviser Sydney
0420 549 811
CHCharlie Hawken
Mortgage Broker
0408 000 238
JRJo Roberts
Mortgage Broker
0401 292 030
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.