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 Brighton East
VCVince Caponio
Mortgage Broker
0417 156 304
KSKosh Sothilingam
Mortgage Broker
0403 438 667
DZDanping Zhang
Mortgage Broker
0403 258 574
JZJinting Zhu
Mortgage Broker
0433 921 130
SSSebastian Schwarz
Mortgage Broker
0411 828 884
IMIrina Maymon
Mochrim Pty Ltd T/- Access Lending Solutions
0438 870 286
ADAnthony Damen
Personal Mortgage Managers
0395 969 996
SWShine Wang
Mortgage Broker
0451 980 789
HOHugh O’Brien
Mortgage Broker
0408 789 612
VJVince Jayaratna
Mortgage Broker
0408 552 133
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.