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 Clayton
SSShep Seekkuge
RPS Financial Services Pty Ltd
0404 777 345
AKAjay Krishnan
Home Loans Fast
0434 145 733
MMManuel Manias
Yarra Finance
0425 790 525
VGVarun Goyal
RG Invest Pty Ltd T/AS Trusted Financial Choice
0403 167 641
SPSudesh Pakiarajah
RPS Financial Services
VRVenkateswar Rao Vutukoor
SV Mortgage and Finance Pty Ltd
0481 172 506
RSRocky Shi
Mortgage Broker
0411 687 925
MLMichael Ly
A1 Team
0401 338 398
TPTrideep Puri
Go Capital Finance pty Ltd
0408 772 125
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.