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 Clifton Hill
HTHyung Tai Choi
Mortgage Broker
0423 776 233
TDTim Davis
Property Portfolio Loans
0426 808 438
GTGlen Thorogood
Nixon Mortgage Finance Pty Ltd
0448 557 818
RBRichard Bland
Key Mortgage Solutions
0422 234 036
RMRyan McNamara
Two Doors Financial Pty Ltd
0423 000 334
GMGraeme Martin
Mortgage Broker
0400 556 700
MFMark Forcina
Mortgage Broker
0423 429 273
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.