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 Parkinson
MHMark Helyer
365 Mortgage Broker
0419 125 585
PFPeter Fan
Mortgage Broker
0416 881 123
SBStephen Brunsden
Scenic Financial Services
0418 691 801
RNRod Nuttall
Biz Loan Connexion
0409 879 788
MMMike Maujean
Mortgage Broker
0417 795 974
ECEric Chang
Mortgage Broker
QQQi Qing
Q&L Star Award Pty Ltd
RFRebecca Fan
Mortgage Broker
0410 640 882
JSJoyce Sun
Mortgage Broker
0425 622 708
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.