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 Alfredton
PCPiyush Cally
Resolve Finance Ballarat Central
0481 961 238
MTMark Taylor
Mortgage Broker
0407 883 533
MEMichael Erbacher
Invest Solutions Pty Ltd
0490 930 408
TWTony Werry
Werry Pty Ltd
0427 422 211
KSKylie Sproules
Mortgage Broker
0438 027 743
DCDanielle Coltman
Mortgage Broker
0432 268 199
JMJohn Molloy
Craggle Holdings Pty Ltd
CBCameron Bryce
Mortgage Broker
0400 114 826
CBChris Bourke
Darrin Findlay Financial Services
0458 315 361
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.