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 Mernda
JDJanaka Dissanayake
Mortgage Broker
0488 939 888
MHMichael Howard
Mortgage Broker
SSSandra Sanches
Mortgage Broker
0415 545 838
RCRana Chahine
CRFG
0424 499 322
IGIqbal Grewal
Mortgage Broker
0423 817 713
NSNarender Singh
Mortgage Broker
0411 781 971
MAMohammad Akrami
Mortgage Broker
0450 923 050
MDMegan Di Benedetto
Mortgage Broker
0420 476 537
Regan Ahmed
LENDVISION PTY LTD
0430 440 254
MDManoj Dhungana
Mortgage Broker
0423 631 585
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.