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 Shailer Park
AWAaron Wilson
Dr Broker
0457 168 315
BKBob Korver
Mortgage Broker
0408 050 678
CGCecil Grimmer
You First Group Pty Ltd
0407 164 266
JNJulie Nykvist
Mortgage Broker
0423 003 435
CSChuri Sa
Mortgage Broker
0450 146 880
MJMichael Jarman
Mortgage Broker
0439 313 401
JSJamie-Lee Swan
Mortgage Broker
0413 826 559
JAJonathan Ang
Mortgage Broker
0486 317 032
MSMonique Saunders
Mortgage Broker
0431 429 559
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.