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 Croydon North
APAngelo Panetta
Mortgage Broker
0400 836 700
RBRichard Bell
Mortgage Broker
0409 504 789
CDCarla Della Gatta
Mortgage Broker
0417 741 597
SVShane Van Ruth
Eastern & Yarra Valley Finace
0408 317 982
CLChris Lacny
My Finance Hub Pty Ltd
0424 777 688
AOAlister Osborn
Mortgage Broker
0418 551 600
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.