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 Edithvale
DRDanielle Ridley
Mortgage Finesse
0425 429 419
RIRenee Ivarsen
Mortgage Broker
0413 615 605
JKJordan Kelly
Mortgage Broker
0408 364 186
JCJennifer Carter
NCJC Pty Ltd
0404 670 511
MRMarissa Rock
Rock Financial Group
0409 253 303
MSMichael Stock
Baysigns Australia Pty Ltd
0421 990 992
ZBZachary Barnett
Mortgage Broker
0418 796 211
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.