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 Ivanhoe
VNVas Nikolovski
Australian Mortgage Managers PL
0400 799 100
PKPeter King
Mortgage Broker
0414 793 469
RDRenato Di Lizio
Mortgage Broker
0409 099 540
MPMark Porter
Mortgage Broker
0416 154 396
LLLisa Li
Mortgage Broker
0455 223 044
NPNadia Perna
Np Mortgage Solutions Pty Ltd
0403 006 797
GKGaurav Khanna
Mortgage Broker
0425 004 088
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.