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 Peregian Beach
MCMatthew Coolican
Mortgage Broker
0424 113 797
CSCatherine Stewart
Meerkatium Pty Ltd T/A Luma Finance
0492 451 508
DHDave Hirst
Mortgage Broker
0401 612 298
SKSteve Kellaway
Stonehouse
0414 822 522
JHJacob Heavyside
Mortgage Broker
0437 506 747
EREugene Riceputo
Envion Mortgage Group
0451 944 229
SSShona Stephenson
Best Foot Forward (QLD) PTY LTD
0417 693 281
MLMatthew Leuenberger
Mortgage Broker
0412 379 473
THTodd Harris
Mortgage Broker
0421 437 798
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.