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 Mitcham
SCShiv Chand
Mortgage Broker
0422 011 876
JCJared Casement
Mortgage Broker
0400 935 494
RJRay Jiang
RAY J FINANCE PTY LTD
0449 588 614
MCMandy Cai
Mortgage Broker
0430 080 084
TMTasmin Mustopo Ifah
Mortgage Broker
0451 984 358
CZChris Zhang
Mortgage Broker
0431 738 777
MSMichelle Suh
Mortgage Broker
0430 508 857
IYIvy Yap
Mortgage Broker
0411 402 032
STSimon Tran
Mortgage Broker
DTDimitri Tepelis
Capital Exchange Financial Services P/L
0478 250 003
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.