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
KFKiki Feng
Mortgage Broker
0423 195 686
BABishnu Adhikari
Mortgage Broker
0400 777 755
TTThomas Tang
Mortgage Broker
0413 768 235
JLJessica Li
Mortgage Broker
0413 807 108
BLBill Ling
BI LIONS FINANCE PTY LTD
0411 836 917
HCHowon Cha
VIP Finance Australia
0488 779 888
EHEric He
Mortgage Broker
0411 199 888
CZCarmen Zhuang
Mortgage Broker
0411 225 085
KYKitman Yip
TT Finance Consultants Pty Ltd
0414 921 521
ALAmber Liu
Mortgage Broker
0403 261 160
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.