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 Kedron
Warren Schrodter
Aspire Mortgage & Finance
0411 744 163
TWTrevor Watkins
Multi-Choice Home Loans Pty Ltd
0411 859 644
TSTony Shenadar
Mortgage Broker
0410 410 177
RHRick Hutchinson
Multi-Choice Home Loans Pty Ltd
0493 272 385
SSSarah Sutter
Multi-Choice Home Loans Pty Ltd
0421 840 788
DSDan Sutter
Multi-Choice Home Loans Pty Ltd
0448 601 646
RBRobert Borgia
Mortgage Broker
0406 662 980
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.