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
CAChris Angus
Mortgage Broker
0438 583 657
JCJosh Cooke
Mortgage Broker
0466 357 751
GCGlyn Camilleri
Mortgage Broker
0433 251 953
BMBobby Monga
Mortgage Broker
0470 519 731
TTTeck Tong
Mortgage Broker
0421 299 991
TNTroy Nicolaci
Xocai Pty Ltd
0431 282 164
SMSandra Mallia
Mortgage Broker
0408 206 350
CAChris Angus
National Pacific Finance
0438 583 657
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.