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 Dingley Village
GWGuy Weerarathne
Smart Wealth Financial Services Pty Ltd
0425 349 916
SWSean White
Mortgage Broker
0401 358 791
SHStewart Hine
Mortgage Broker
0407 220 037
LGLee Godfrey
Mortgage Broker
0414 552 719
SSScott Splade
LendLinx Pty Ltd
0419 508 635
RMRobert Melnjak
Mel Financial Services Pty Ltd
0411 443 818
DBDaryl Borden
Integrity Finance (Aust) Pty Ltd
0417 593 893
ACAbel Cabrera
Mortgage Broker
0417 559 429
GHGeorge Haddad
Mortgage Broker
0405 317 224
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.