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 Craigieburn
DSDheeraj Sharma
Mortgage Broker
0403 147 489
TLTara Lilley
Aussie Craigieburn
0400 899 089
JPJenny Pulford
Mortgage Broker
0466 049 296
RSRajwinder Singh
Mortgage Broker
0430 285 857
VKVikki Kaur
Mortgage Broker
0426 234 438
ADAnil Dadlani
Mortgage Broker
0421 648 447
AKAtul Kochhar
Mortgage Broker
0424 304 323
JPJagath Prassana Herath Mudiyanselage
Ufg Consulting Group Pty Ltd
0383 892 069
PSPadam Sapkota
Mortgage Broker
0430 168 124
PAPrakash Acharya
Mortgage Broker
0434 400 958
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.