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 Collingwood
NBNadine Belfiore
Mortgage Broker
0400 549 147
LKLuay Khreish
Duo Finance
0414 223 370
RPRakis Panayi
Premium Capital Finance
0418 105 304
BMBret Mullavey
Mortgage Broker
0477 007 740
HPHarry Papadopoulos
Mortgage Broker
0414 345 447
JEJohn Evans
Premium Property Finance
0404 617 666
MYMelinda Young
Mortgage Broker
0401 989 482
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.