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 Balwyn North
ELEVONNE Liang
Mortgage Broker
0484 765 888
JTJessica Tang
Just Loans Pty Ltd
0398 037 888
WWWilliam Wei
Mortgage Broker
0423 870 998
WBWinston Budiman
Financing Dream
0433 508 853
HPHamish Pym
Mortgage Broker
0413 764 262
STSolmaz Taghavi
Prestige Finance Brokers Pty Ltd
0416 075 377
HChao chen
Vfirst Capital Pty Ltd
0425 506 660
JGJonathan Gan
Bluehive Financial Services
0410 603 194
SCSalvatore Capuana
Mortgage Broker
0419 364 765
MBMatthew Boyle
Interfin Solutions
0402 486 248
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.