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 Dandenong North
EHEdin Hadziefendic
Mortgage Broker
0401 309 926
RFRana Fokas
Empowerher Finance
0452 519 785
DSDaniel Sutcliffe
Mortgage Broker
0422 115 573
GCGeorge Chalhoub
Anvo Finance Pty Ltd ATF Anvo Finance Unit Trust
0448 394 159
KSKanchana Senarathna
Ozrich Finance Pty Ltd
0430 458 729
AWAnu Wimalasena
Mortgage Broker
0420 538 384
EHEmir Hadziefendic
Mortgage Broker
0451 991 282
NRNakhwan Ryu
Loan Firm
0488 772 277
AWAnthony Willey
Five Dock Finance
0415 724 033
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.