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 Melbourne
Gregorio Caruso
Jupiter Finance
0411 195 205
DCDebra Carroll
Mansal Capital Finance
0423 819 214
SHSarvin Hosseinzadeh
Mortgage Broker
0452 641 224
BBBen Broadbent
Mortgage Broker
0404 882 982
SKSteph Kanga
Metropolitan Capital Finance Pty Ltd
0412 776 244
MPMario Pizarro
Mortgage Broker
0419 703 703
KFKei Fun Kong
Mortgage Broker
0451 108 986
HSHagen Schroeder
Findex
0411 273 557
RBRajesh Bukya
Investors Mortgage
0432 707 493
JBJohn Bownas
Mortgage Broker
0409 227 183
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.