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 Cremorne
KSKathy Sevenyhazi
Symmetry Finance Pty Ltd
0431 212 705
SWStephen Warr
Mortgage Broker
0409 565 564
JTJack Talbot
Mortgage Broker
0404 225 292
NPNick Prowse
Prowse Financial Group Pty Ltd
0450 552 354
KSKaylah Spiteri
Entourage
0418 159 285
JSJack Stevens
Entourage Finance
0457 740 500
MHMichele Hayton
Mortgage Broker
0434 106 459
DFDean Fox
OpenCorp Finance Pty Ltd
0447 651 388
APAndrew Prowse
Prowse Financial Group
0418 573 769
DRDamien Roylance
Entourage
0421 133 473
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.