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 Endeavour Hills
GPGary plotzza
G & B Plotzza T/A Flexible Mortgages
0411 328 016
HVHarj Virdee
Mortgage Broker
0416 051 997
KCKhiem Cao
KC Finance Group Pty Ltd
0413 076 356
PFPhilip Foo
PMF Financial Services
0418 540 360
GSGabrielle Schubert
Mortgage Broker
0404 086 506
CRConal Ranatunga
Mortgage Broker
0402 927 567
DKDaniel Kelly
Mortgage Broker
0419 508 011
GSGiles Silva
Mortgage Broker
0433 175 066
MCMatt Carra
Blue Key Finance Pty Ltd
0425 726 538
MFMartin Fedmowski
Mortgage Broker
0425 829 676
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.