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 Nerang
DPDavid Pattemore
DPF Mortgage Specialists
0407 147 373
JBJoel Bradford
Mortgage Broker
0403 592 373
NMNigel Miller
Mortgage Broker
0406 111 757
AHAngela Hilton
Mortgage Broker
0408 761 847
DNDean Naylor
Infinity Group Coaching
0428 052 970
ATAmanda Thomas
Mortgage Broker
0412 087 342
RBRobert Bologna
Mortgage Broker
0432 071 059
RLRolf Latham
ASAP Financial Services
0414 788 229
JRJosh Richards
Twin Peaks Finance Pty Ltd
0421 051 348
MWMaddie Walton
Money Lounge
0415 922 777
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.