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 Mooloolaba
LHLloyd Hughes
Lloyd Hughes Finance
0400 700 214
DMDonna McRae
Golden Arrow Finance Pty Ltd
0428 286 664
RCRobert Cornwell
Mortgage Broker
0419 846 040
AHAnthony Hurford
Mortgage Broker
0424 581 400
TOTodd O’Reilly
Medx Finance
0419 230 053
MMMelissa Mann
Mortgage Broker
0434 641 109
IBIan Baker
Mortgage Broker
0418 775 223
CBCol Binding
BFS Finance
0438 770 670
MHMarcus Henderson
Mortgage Broker
0427 528 521
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.