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 Northcote
LPLee Pattison
INFORMED FINANCE PTY LTD
0401 222 275
FRFrank Romano
Frankly Finance
0434 350 729
SASam Alexiadis
Eqall Finance Pty Ltd
0425 786 076
JVJulian Van
Mortgage Broker
0400 106 288
PNPeter Newman
Aussie Northcote
0422 222 657
AGAngus Guest-Marinis
Guest Marinis Finance Pty Ltd
0427 041 752
LSLaurie Skelin
Sharp Rate Finance
0407 301 546
LALina Avramidis
Mortgage Broker
0458 355 363
KGKelly Gorman
Moneyquest Thornbury
0402 913 378
CMCraig McNeil
MCNeil Credit Solutions
0416 083 406
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.