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 Mildura
BMBruce McCurdy
Mortgage Broker
0499 773 384
CSColin Sherriff
Mortgage Broker
0418 143 458
SLSean Lowery
Southern Cross Business Advisers
0458 153 236
ABAndrew Black
Riverland Lending Services Pty Ltd
0447 455 711
BSBethany Simpson
Mortgage Broker
0488 558 497
LGLynne Goss
Goss 25 Consulting Group Pty Ltd
0428 211 777
CEClint Edgar
Mortgage Broker
0458 223 930
BBBen Batey
Mortgage Broker
0412 558 771
JRJessica Rix
Mortgage Broker
0438 399 026
MCMark Cornell
Agri Lending Solutions Pty Ltd
0419 536 733
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.