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 Bentleigh East
SMSumit Mahajan
Mortgage Broker
0433 846 769
DSDavid Sharpe
Mortgage Broker
0411 515 729
YJYidan Jia
Mortgage Broker
TMTeri Maloon
Mortgage Broker
0431 234 768
IDIndhumathi Dananjayan
Mortgage Broker
0412 926 999
CDChristalla Drougas
Lendingco
0401 774 400
JAJosh Almond
Mortgage Broker
0401 917 702
GSGeorge Shaheen
FUND3D Pty Ltd
0431 809 569
MRMichael Richardson
Mortgage Broker
0400 523 440
AHAlexander Heifetz
Mortgage Broker
0421 892 080
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.