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 Ballarat
SPSophie Potter
Mortgage Broker
0404 118 722
AMAustin Murphy
Calm Finance Co Pty Ltd
0437 756 077
NMNeil McCahon
Mulcahy & Co Financial Services
0412 860 223
BFBrent Fitzpatrick
Mortgage Broker
0467 291 880
LCLiam Caldwell
Calm Finance Co Pty Ltd
0409 368 883
SBStephen Britton
Mortgage Broker
0437 443 632
DSDharamvir Singh
Mortgage Broker
0430 311 902
AMAshley McSparron
Ashley McSparron Pty Ltd
0414 889 083
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.