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 Nunawading
CSCorey Sleep
Mortgage Broker
0439 454 565
FHFaraz Hassan
Top Finance Specialists
0450 321 433
PRPeter Rose
Mortgage Broker
0419 781 010
STStephen Tudor
Tudor Finance Pty Ltd
0412 582 151
HKHarmeet Kaur
Mortgage Broker
0481 533 189
PWPeter Wayman
Petanca Pty Ltd
0423 686 948
SGSherry Gao Gao
Mortgage Broker
0411 785 891
SGSimon Gillespie
Mortgage Broker
0493 074 502
BEBevan East
The Baron Financials
0450 219 908
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.