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 Keilor East
BVBradley Vallance
Capitalise Pty Ltd
0402 965 879
DTDavid Tomkins
Mortgage Broker
0408 349 628
VSVinay Sharma
Align Finance Pty Ltd
0402 935 950
MBMichael Bloomfield
Mortgage Broker
0412 973 386
BCBen Crichton
Mortgage Broker
0416 049 593
SCSam Conway
Mortgage Broker
0452 513 168
MLMark Love
Capital X Pty Ltd
0418 321 525
BHBrian Hermosilla
Mortgage Broker
0401 333 636
Y(Yuanyuan (Elena) LI
Mortgage Broker
0433 588 626
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.