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 Essendon North
KGKulbir Gill
Mortgage Broker
0413 724 586
PBPaul Branidis
Associated Mortgage Group PL
0414 933 832
JLJohn Lucci
JL Financial Solutions Pty Ltd
0417 569 634
ASAntoine Sophoulis
Mortgage Broker
0417 196 473
SVScott Vine
Lending Solutions Group
0418 101 065
MMMonica Monsigneur
Adaptive Financial Services
0488 004 209
PSPaul Souru
Mortgage Broker
0450 190 210
MVMarc Ventura
Creative Financial Solutions
0423 840 716
MHMilton Harris
ELK Business Advisory and Finance Pty Ltd
0402 309 071
GWGreg Wood
Primo Finance Pty Ltd
0401 163 916
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.