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 Altona North
HBHabib Bulut
Resource Finance
0411 959 106
GCGaurav Chandiram
Mortgage Broker
0433 147 186
BMbhupinder Mata
Mortgage Broker
0433 141 284
ALAnthony Lock
Mortgage Broker
0425 771 504
EPEmmanuel Psathias
Mortgage Broker
0409 024 875
EMEve McColl
Mortgage Broker
0488 011 225
KYKevin Yonatan
Wells Financials PTY LTD
0403 848 211
HEHuss Elmaoula
Zenith Signature Finance
0478 655 207
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.