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 Hampton
RPRob Planner
Axcess Capital
0422 441 747
NRNik Raymond
Morescope Finance Solutions Pty Ltd
0411 236 032
BLBen Lazzaro
Lendly Pty Ltd
0420 318 334
EMEdward Mitchell
Aussie Hampton
0414 521 777
SHSue Hayter
Quality Financial Group
0425 792 903
CJCara Julian
Brava Finance Pty Ltd
0438 790 608
TPTony Power
Mortgage Broker
0449 954 294
DCDiane Clarke
Mortgage Broker
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.