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 Collins Street West
MMMatthew Mitchell
Mortgage Broker
0423 345 680
NRNaseem Rasekh
Mortgage Broker
0411 399 577
SMStephen Marsh
Mortgage Broker
0401 899 419
JMJodi McKeown
Mortgage Broker
0424 584 251
JWJaneen Woods
OneFocus Financial Services Pty Ltd
0439 343 672
MMManjula Mahindajit
Mortgage Broker
0402 774 774
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.