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 Southport Bc
DJDavid Jin
Invest & Co Finance
0433 648 787
RMRadu Maxim
Maxim Finance Brokers Pty Ltd
0408 737 482
RDRachel Doblo
IQ Finance Pty Ltd
0418 887 333
MTMark Thurston
Australasian Finance & Leasing Pty Ltd
0438 632 575
RDRay Dib
Switch Finance Pty Ltd
0421 621 028
RDRachel Doblo
IQ Capital Group Pty Ltd
0418 887 333
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.