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 Beaumaris
BIBen Isard
Mortgage Broker
0431 553 478
PRPranab Roy
Greenlight Mortgages Pvt Ltd
0437 988 000
PSPhilip Sealy
Guardian National Mortgage
0419 381 381
VWVincent Wang
IKON Finance Pty Ltd
0415 338 868
SSStuart Styles
Arthurmac & Co Pty Ltd
0417 277 700
AKandrew Kerr
Mortgage Broker
0418 306 133
LHLochie Hennig
LakeSide Financial
0499 450 771
BABrooke Alexander
Mortgage Broker
0401 134 650
GQGeoff Quirk
Titanium Financial Pty Ltd
0418 616 640
GDGordana Dakic
Mortgage Broker
0421 300 301
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.