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 Mermaid Waters
KKKatie Kahler
Mortgage Broker
0401 231 922
MRMartin Robinson
The Mortgage People
0427 006 678
RARick Atkinson
Taper Financial Solution Pty Ltd
0400 757 944
BABill Alamsah
Mortgage Broker
0439 888 338
DGDavid Gam
Mortgage Broker
0438 780 438
PVPaula Venz
Mortgage Broker
0455 557 677
DBDavid Bloink
Bloink Financial Pty Ltd
0422 619 607
SPShane Price
Mortgage Broker
0408 209 858
SHScot Henderson
Mortgage Broker
0408 512 398
ACAlex Cramond
Omega Private Lending
0412 181 903
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.