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 Bendigo
TSTrevor Stockwell
Mortgage Broker
0418 330 663
ABAndrew Bugeja
Mortgage Broker
0417 150 115
PKPeter Kelly
Mortgage Broker
0412 374 894
JSJohn Scarborough
Scarborough Finance Solutions Pty Ltd
0416 316 167
CFCorbin Fleming
Mortgage Broker
0409 237 991
BSBrenden Sparke
The Broker Team
0439 783 140
ACAaron Connaughton
Blackbird Mortgage Solutions
0407 295 115
TSTrev Shand
Mortgage Broker
0402 915 626
NHNathan Horbury
Mortgage Broker
0481 203 516
RBRonald Bradley
Central Vic Financial Solutions Pty Ltd
0408 055 859
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.