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 Airport West
LGLuca Guerra
Introjuce Health
0403 162 002
MSMichael Sauro
Lifestyle Loans (Vic) Pty Ltd
0404 478 935
RARaj Acharya
Comprehensive Loan Solutions Pty Ltd
0413 328 829
DHDaniel Haikal
Mortgage Broker
0425 841 580
NMNeil Migliorisi
Mortgage Broker
0414 793 488
SPStace Papadopoulos
Atrium Finance Pty Ltd
0419 548 402
AMAdam Maciejewski
Finance Workshop
0411 098 224
LRLuke Rowland
Mortgage Broker
0467 550 084
PMPat Marando
Mortgage Broker
0478 316 578
YDYusuf Doger
Mortgage Broker
0411 299 295
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.