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 Paradise Point
MSMark Sonter
MSBL FINANCE PTY LTD
0419 634 093
RWRichard Waldron
Mortgage Broker
0414 595 656
JGJason Garner
Astute Paradise Point
0407 264 201
TLToni Lamb
Mortgage Broker
0404 046 193
AWAsh Waldron
Next Loan Finance
0400 252 321
RRRashid Rashid
Equanimity Financial Services Pty Ltd
0431 127 729
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.