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 Tewantin
VMVichy Mooneesawmy
Mortgage Broker
0406 163 917
CWChris Wright
Mortgage Broker
0414 535 451
CCCraig Cameron
Mortgage Broker
0414 263 322
SRSandra Rice
Mortgage Broker
0416 725 869
TLTom Lipetri
Mortgage Broker
0409 158 822
SEsusan Elliott-Pink
Mortgage Broker
0429 569 660
ARAllison Rapley
Mortgage Broker
0413 480 677
TPTayla Phipps
Mike Phipps Finance
0428 793 911
CMClare Mooneesawmy
Mortgage choice
0438 535 254
DPDan Pertot
Pertot & Co. Mortgage Brokers Pty Ltd
0435 870 605
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.