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 Rochedale South
CLCristina Liddle
Mortgage Broker
0414 698 546
NSNicholas Savonoff
Gold Seal Finance
0411 319 655
DBDan Brown
Brown Funding Pty Ltd
0466 688 322
MCMark Cruse
SBB MCL Pty Ltd
NNNui Neidhart
MLN Finance Pty Ltd
SASonny Arora
Affford Finance Group Pty Ltd
0402 794 165
LCLiang Chen
Mortgage Broker
0430 776 988
KCKelvin Cheng
KC Fintech Pty Ltd
0430 118 352
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.