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 Worongary
MWMelissa White
Mortgage Broker
0468 794 804
NSNalin Shanaka
Mortgage Broker
0422 599 655
SOStephen Orme
Mortgage Broker
0409 894 282
JWJoe Wong
JMFW PTY LTD
0410 767 767
RRRyan Roby
Home Loan Village
0493 994 121
PNPaul Newell
Nectar Mortgages
0439 760 768
PNPaul Newell
Australian Real Estate Mortgage Management
0756 454 158
CGCraig Guyan
Mortgage Broker
0435 127 724
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.