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 Surfers Paradise
LHLauren Hall
Mortgage Broker
0468 990 233
PWPeter Williams
Mortgage Broker
0412 132 413
SWSami Williams
Mortgage Broker
0479 161 879
RMRitchie Markovic
Ritchie Rich Finance Pty Ltd
0413 589 063
DGDarius Gold
Mortgage Broker
0412 426 625
AOAnastasia Oakland
Aussie
0423 913 165
BDBen Dent
Manage Your Loans
0432 290 140
BNBen Nolan
Mortgage Broker
0432 267 066
MAMehdy Asady
Eazy Mortgage Solutions Pty Ltd
0431 088 089
SGSean Garvan
Ignition Finance Pty Ltd
0431 362 222
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.