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 Kenmore
LSLynette Shuttleworth
Integri5 Lending Pty Ltd
0451 407 277
SSSweeni Sahabandu
Blooming Finance Pty Ltd
0449 916 255
HMHector Manners
Hamer Industrial Pty Ltd
0418 724 859
KMKeith Marshall
Mortgage Broker
0411 875 504
DVDeborah Visser
Mortgage Broker
0422 287 585
MCMonica Culey
Charlotte Culey Pty Ltd
0402 107 597
LSLauren Smallsman
Mortgage Broker
0423 341 099
DBDi Brooker
Mortgage Broker
0408 196 868
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.