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 Noble Park
SLShawna Lavis
Mortgage Broker
0420 798 837
CTChristian Tzilantonis
Mortgage Broker
0431 535 861
NMNathan Markadas
Mortgage Broker
0432 640 934
CAChris Anesco
Mortgage Broker
0421 304 990
AWAlex Woodward
4TITUDE FINANCE
0431 117 727
MWMartin Wakefield
Mortgage Broker
0411 387 144
GTGabriel Tran
Mortgage & Loans Ezy
0422 193 093
DBDave Balapitiya
Mortgage Broker
0430 633 556
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.