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 North Melbourne
DKDanny Kelb
Mortgage Broker
0409 525 116
JMJulian Martin
Stimulus Finance
0424 139 227
CHChris Huynh
C2J2 Pty Ltd
0411 330 261
SDSandra Doolaul
Mortgage Broker
0409 508 211
BKBenjamin Kingsley
Empower Wealth
0403 795 252
CWCraig Walden
APS Benefits Group Ltd
0393 222 000
MSMatthew Styles
Mortgage Broker
0422 219 115
DWDean Wills
Empower Wealth Mortgage Advisory
0419 232 228
LRLucy Ramunno
Mortgage Broker
0414 896 308
DBDoug Bohmer
Bfinance
0435 074 843
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.