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 North Lakes
JLJosh Lee
MR. FINANCE MAN
0432 445 707
JJJayde Johnston
Maxium Finance
0432 835 186
JFJeff Falconer
Mortgage Broker
0415 947 003
MFMichael Fraser
Fusion Party Sales Pty Ltd
0447 388 230
JSJacinta Stuart
Mortgage Broker
0416 813 303
RCRobert Callander
Mortgage Broker
0474 225 871
JSJose Slompo
Amplifinance
0451 991 893
RSRyan Scott
Mortgage Broker
0403 341 634
HGHollie Green
Moni Finance Group
0431 136 395
JSJames Sylvester
YOUR HOME LOAN CONSULTANT
0401 388 153
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.