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 Malvern
LZLily Zhang
Mortgage Broker
0430 302 509
JYJessica Yu
Mortgage Broker
0433 502 765
SHSean Herman
Mortgage Broker
0404 083 449
EMEmma Madafferi
Mortgage Broker
0419 127 164
MWMaggie Wang
Mortgage Broker
0412 092 936
NCNathan Cohen
Mortgage Broker
0409 456 177
PSPanda Sembucutti Arachchige
Top Lenders Australia Pty Ltd
0452 660 695
CSCraig Schafner
Mortgage Broker
0412 369 606
DMDavid Moylan
All Access Finance
0402 316 469
DDDaniel Demirci
MDC Financial Pty Ltd
0413 535 809
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.