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 Mentone
LBLucas Barrett
Mortgage Broker
0478 072 254
EBElijah Barrett
Mortgage Broker
0401 724 929
TMTodd Marshall
Mortgage Broker
0405 244 371
KMKaren Moseley
Mortgage Broker
0414 585 101
WSWilliam Shillito
Empower Wealth
0487 763 587
MBMaurizio Barba
Mortgage Broker
0430 136 057
ABAdrian Banducci
Mortgage Broker
0421 128 531
TWTracey Webster
Mortgage Broker
0414 453 782
TMTiffany Middleton
Mortgage Broker
0412 697 726
ACAnthony Conlan
Mortgage Broker
0412 440 982
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.