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 Lysterfield
SVStephen Vo
Mortgage Broker
0411 664 112
KYKevin Yang
Mortgage Broker
0423 890 649
DKDamien Keily
AAA Mortgage Services pty Ltd
0425 781 639
CEChristopher Elliott
Amersham Nominees Pty Ltd
0418 373 055
JSJan St Ledger
AAA Mortgage Services pty Ltd
0407 503 797
MNMadhu Narasimha
SMZ FAMILY TRUST
0403 379 930
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.