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
SCSam Chau
Mortgage Broker
0478 153 741
KLKevin Leong Leong
Mortgage Broker
0481 112 392
JJJeremy Jing
Mortgage Broker
0412 771 599
DSDomenic Suleman
Business Concepts Group Pty Ltd
0419 158 014
JLJue Li
Mortgage Broker
0421 322 486
KBKim Brisbane
Astute Abbotsford
0411 043 416
XHXingchen Hou
Mortgage Broker
0481 188 041
YLYi Li
Mortgage Broker
0420 921 393
SSScott Seng
Mortgage Broker
0421 417 255
MZMary Zheng
Mortgage Broker
0413 787 935
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.