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 Mount Waverley
AAAndrew Antonopoulos
SMMA PTY LTD
0418 106 710
SFStan Fournarakis
Mortgage Broker
0438 822 006
KNKrishnan Narayana Swamy
Ifind Loans Pty Ltd
0403 214 719
PLPeter Lyons
Lyons Finance Solutions
0412 810 357
FSFrancisco Silva
MyFinancePro
0409 528 297
PDPriyank Dubey
Mortgage Broker
0403 485 571
PSPreeti Singh
Mortgage Broker
0408 887 310
LLLilian LI
Mortgage Broker
0430 221 612
LQLibby Qi
Mortgage Broker
0456 166 836
RTRita Tian
Mortgage Broker
0400 189 966
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.