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 Boronia
PBPaul Bridges
Influence Finance Group
0448 005 520
RLRalph Leung
Mortgage Broker
0422 399 015
CHChris Hargreaves
Mortgage Broker
0488 095 355
KLKhang Le
Fenix Capital Group Pty Ltd
ACAnthony Chen
Mortgage Broker
0460 553 365
DVDenis Vaughan
Mortgage Broker
0421 477 785
AJAbigael Jamieson
Mortgage Broker
0415 797 011
DWDre White
ALF Finance Pty Ltd
0433 793 700
ASAmelia Schweiger
First Point Group
0420 357 066
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.