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 Ashwood
ACAlex Cann
Commercial Finance
0402 125 849
ANAkshaya Naronikar
Mortgage Broker
0488 688 137
LWLumbini Wekunagoda
Mel Finance Services
0430 092 112
JKJustin Khor
Mortgage Broker
0409 122 619
JDJohn Deriu
Maestro Financial
0488 108 233
ADAloysius De Almeida
Mortgage Broker
0419 487 805
JLJames Lee-Tet
AS Mortgage Partners
0455 222 717
GNGeorgios Niaros
Mortgage Broker
0413 654 282
DKDayan Kasturiratna
Opulent Finance
0423 272 600
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.