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 Doreen
DWDamian Wain
Client Mortgage Services Pty Ltd
0493 141 356
WMWarren Minnette
Mortgage Broker
0417 136 757
JZJason Zammit
Complete Finance Group
0413 411 481
JMJohn Mathiopoulos
MFF Pty Ltd
0421 235 298
ABAmy Bester
Mortgage Broker
0400 480 070
EDElias Dahiya
Mortgage Broker
0430 771 000
HPHemraj Poudel
Mortgage Broker
0412 719 809
DBDarren Barclay
Mortgage Broker
0439 693 950
EWERIC Williams
Mortgage Broker
0404 034 683
TZTony Zappia
Mortgage Broker
0408 773 392
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.