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 Chirnside Park
Laura MOYA RAMIREZ
Mortgage Broker
0404 226 546
ILIan Leithhead
J and H Home Loans Pty Ltd
0400 714 035
AHAdam Healey
Impact Mortgage Brokers
0488 040 780
SNStephen Nicholls
Key Capital Limited ATF Key Capital Property Fund
0370 226 758
CAClaire Archer
Mortgage Broker
0413 462 855
JVJessica Van Ruth
Mortgage Broker
0448 513 074
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.