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 Doncaster East
Tony Zikas
Victorian Financial Solutions
0413 800 778
EPEvan Phaedonos
Mortgage Broker
0418 515 664
Arlen Wang
Mortgage Broker
0414 499 881
KTKon Triantos
Moneyquest Templestowe
0401 825 511
FCFrancis Cuong
Mortgage Broker
0411 335 283
LLLin Li
Mortgage Broker
0466 967 410
AWAnne Wang
Mortgage Broker
0425 138 983
ELEric Li
Mortgage Broker
0433 447 866
GEGlen Ellis
Mortgage Broker
0487 888 769
PRPramod Rana
Mortgage Broker
0433 392 906
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.