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 Runcorn
DFDan Feng Xu
Mortgage Broker
0403 598 526
GSGurlal Singh
Finance Destination Pty Ltd
0435 045 133
EDEric Dong
EK Mortgage
0433 322 428
JCJeff Caulley
Mortgage Broker
0409 486 989
NNNiv Niruban
Mortgage Broker
0410 941 477
RLRunde Liu
Mortgage Broker
0425 464 664
JYJustin Yang
Mortgage Broker
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.