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 Hawthorne
SESteve Essenstam
Rainmaker Financial Group
0407 435 800
TJTyson James
Loan Connectors
0455 571 061
EPEmily Pinker
Mortgage Broker
0413 422 726
NHNeil Higgins
One Finance Australia Pty Ltd
0449 815 490
RARyan Anderson
Mortgage Broker
0481 500 383
SBSheik Basha
Mortgage Broker
0432 235 045
RBRuma Basha
Mortgage Broker
0402 943 496
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.