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 Redlynch
JMJoby Mathew
Mortgage Broker
0481 707 122
JSJoe Salerno
Mortgage Broker
0422 740 460
GSGordon Savic
Mortgage Broker
0416 225 898
ESElizabeth Savic
Gest Pty Ltd t/as Babylon Financial Solutions
0409 225 888
MGMichael Garland
Mortgage Broker
0422 830 333
CBCamilo Bradford
Mortgage Broker
0415 712 549
KSKerry Salerno
JKD Salerno Pty Ltd ATF The Salerno Family Trust
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.