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 Burwood
VSVenh Senh Cay
EVERKEEN FINANCIAL SERVICES PTY LTD
0468 458 465
ELEric Luo
Mortgage Broker
0430 386 561
KYKelvin Yang
Mortgage Broker
0450 660 265
PYPauline Yau
Shepherd Wealth Pty Ltd
0412 354 954
NPNeetha Pai
Mortgage Broker
0422 008 815
GCGarry Coxon
AFS Mortgages Pty Ltd
0411 256 562
YZYiling Zhang
Mortgage Broker
0450 910 618
DZDaniel Zhou
MetaLoan
0410 336 706
PDPatrick Docherty
Melbourne Mortgage Centre
0409 216 617
EJElza Joseph
Aurion Finance Pty Ltd
0406 214 497
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.