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 Cheltenham
SFStephen Forrester
Mortgage Broker
0409 250 347
JBJosh Bartlett
Mortgage Broker
0402 235 001
MLMarisa Liu
Mortgage Broker
0406 666 691
DLDaniel Leonov
Mortgage Broker
0422 555 925
DNDillon NEUPANE
Goodwill Finance Pty Ltd
0423 459 480
PFPaul Flakus
Mortgage Broker
0417 567 747
BWBrett Waters
Mortgage Broker
0409 492 422
AMAndrew Mirams
Intuitive Finance
0406 383 024
LMLachlan Mirams
Mortgage Broker
0458 383 987
MWMichael Wu
Mortgage Broker
0421 390 977
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.