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 Blackburn South
FNFion Ng
F1 Mortgage Brokers Pty Ltd
0414 939 148
JPJohn Pham
Mortgage Broker
0455 585 885
SFSean Farley
Farley Financial
0407 053 227
YGYuejiao Gao
YJ.G Pty Ltd
0491 269 967
DCDaniel Chan
Mortgage Broker
0419 968 296
HMHarsh Modi
Mortgage Broker
0407 544 406
DWDavid Webb
Mortgage Broker
0400 801 110
ZWZifei Wang
Mortgage Broker
0410 469 823
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.