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 Moorabbin
EDEvan Davis
Mortgage Broker
0413 467 246
UEUmut Ersezer
Mortgage Broker
0437 365 307
RDRanjan De Silva
Mortgage Broker
0422 812 555
RDRajeev De Silva
Mobile Credit Adviser
0466 090 220
CDChirag Doshi
Mortgage Broker
0478 325 510
APAlex Papacostas
Trikomo Pty Ltd
0434 034 941
KLKate Littlejohn
K Finance Co Pty Ltd
0432 596 655
SSSanjay Sanghvi
Mortgage Broker
0408 520 567
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.