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 North
DODoug Owens
Victorian Property Finance
0421 057 789
GTGuntis Terauds
Mortgage Broker
0448 475 880
NSNavpreet Singh
Mortgage Broker
0412 674 958
GLGagan Loomba
Mortgage Broker
0430 636 936
JCJoby Chempakasseril George
Mortgage Broker
0413 138 969
IIIndurane Indurana
Mortgage Broker
0481 553 461
SSSweeni Sahabandu
Blooming Finance Pty Ltd
0449 916 255
MHMat Holtham
Holtham Collective
0401 017 609
DMDavid Mullins
Mortgage Broker
0468 916 648
RSRachel Sculley
Mortgage Broker
0433 561 823
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.