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 Cranbourne East
Kiran Patel
Mortgage Broker
0433 570 657
NHNina Hu
Mortgage Broker
0423 232 264
AKAmarjit Kaur
Mortgage Broker
0433 597 443
TPTirth Patel
Mortgage Broker
0433 534 335
STSara Tavete
Briter Finance
0434 640 786
TTTom Thomas Peediakal
T SQUARE HOLDINGS PTY LTD
0431 554 206
Amandeep Kaur Gill
Mortgage Broker
0406 168 095
GSGurvinder Sidhu
Lendlord Pty Ltd
0490 440 024
MKMausam Kandel
Invest & Go Pty Ltd
0450 411 898
Tehran Perera
Tehran Holdings PTY LTD
0479 003 921
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.