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 New Farm
DGDaniel Green
Green Finance Group
0457 883 700
AMAlyce McDougall
Mortgage Broker
0401 288 398
TLTara Lancashire
TML Advisory Pty Ltd
0428 206 199
ETEric Thomas
TMBrokers Pty Ltd
0421 768 767
MHMonique Higgins
Mortgage Broker
0452 523 660
JGJacque Gravesande
Mortgage Broker
0417 615 070
SASimon Armstrong
Armstrong Finance Group Pty Ltd
0422 071 470
MRMark Rinaldi
Mortgage Broker
TTTyler Trethowan
Mortgage Broker
0431 400 735
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.