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 Maroochydore
BCBrett Colley
Formula 1 Finance
0419 652 969
SMShaun McTaggart
Mortgage Broker
0418 165 020
JSJonno Scaroni
SMS Finance 2 Pty Ltd
0439 229 492
GCGeorgia Chase
Mortgage Broker
0438 062 296
ECEmma Cattermole
Wealthfolio Financial Services Pty Ltd
0450 533 990
ABAbigail Barker
SMS Finance 2 Pty Ltd
0426 705 249
MBMorgan Bushell
Mortgage Broker
0417 292 780
TPTony Pearson
Mortgage Broker
0412 448 357
LWLou Wieden
Kelly & Co Finance
0439 297 229
JMJohn McNamara
SMS Finance 2 Pty Ltd
0754 300 900
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.