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 Oakleigh South
APAnna Paul
Mortgage Broker
0424 747 491
LDLy Dang
Mortgage Broker
0451 030 407
LSLabdhi Shah Shah
Mortgage Broker
0406 433 293
ATAlan Tan
Boon Financial Pty Ltd
0433 147 167
DXDaniel Xu
Aurora Financial Services Pty Ltd
0430 146 099
MMManali Mirani
Mortgage Broker
0433 421 898
SDSimon Dehne
ConsciousFutures
0419 448 910
RARoslyn Atkins
Sprout Wealth Mortgage Solutions
0485 856 984
MVMichael Vasilaras
Mortgage Broker
0411 708 072
QZQing Zhu
Ngumi Pty Ltd
0404 678 233
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.