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 Hawthorn East
JVJo Van Dort
Mortgage Broker
0400 200 321
WHWei Hu
Homes Finance and Conveyancing Pty Ltd
0435 129 913
SCSam Crimmins
Crimmins Finance
0409 297 707
RPRohit Parekh
Mortgage Broker
0417 369 913
EYEunice Yeo
Mortgage Broker
0423 582 504
CKCon Koulouris
Amega Financial Solutions
0401 992 689
JTJames Tickner
UpTick Financial
0408 127 133
IAImogen Alexy
Mortgage Broker
0455 126 111
THThomas Harris
Mortgage Broker
0418 357 924
CAConor Anderson
Mortgage Broker
0432 428 531
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.