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 Mill Park
PSPrasun Shakya
Mortgage Broker
0406 280 028
JTJames Tseros
Mortgage Broker
0439 540 550
JSJohn Stamkovski
Aussie
0412 777 753
CGCatalina Gullaci
Mortgage Broker
0411 185 722
DADaniel Aquilina
Mortgage Broker
0417 892 275
JPJacqui Panther
Mortgage Broker
0427 315 786
SLSam Lucci
Mortgage Broker
0418 483 063
BDBruno D’Avoine
Mortgage Broker
0401 132 258
JMJames Missailidis
Gladden Pty Ltd ATF J Missailidis FT
0400 201 306
KHKim Ho
Limitless Finance Solution PTY LTD
0493 260 419
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.