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 Box Hill North
JLJoshua Lyddy
Mortgage Broker
0416 198 723
SWSharon Wang
Mortgage Broker
0431 158 588
LTLambros Tsoumaris
Mortgage Broker
0421 177 763
KSKamran Sedghi
Mortgage Broker
0408 840 696
SWShuyue Wang
Mortgage Broker
0450 135 598
PWPaul Woon
Mortgage Broker
0433 282 582
LSLiang Shan
Mortgage Broker
0421 484 308
CLCurlie Liew
Mortgage Broker
0481 816 225
TLTina Lee
Mortgage Broker
0433 289 567
SCSimon Cai
Mortgage Broker
0412 153 570
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.