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 Grovedale
LELuke Eustace
Mortgage Broker
0458 111 468
LBLiah Blood
Mortgage Broker
0492 809 909
DPDamien Pearson
GSC Finance Solutions
0409 136 730
MTMatt Turner
GSC Finance Solutions
0427 026 558
CHcameron Howland
GSC Finance Solutions
0438 407 854
JJJulie Joseph
Mortgage Broker
0437 095 312
SRSashin Ramlakan
Waterfront Financial Services Pty Ltd
0430 831 802
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.