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 Ringwood
KKKevin Kazantzis
Mortgage Broker
0410 290 540
ATAlex Theodorou
Pakk Financial
0407 329 481
MLMark Lai
FORWARD FINANCE GROUP PTY LTD
0488 043 999
DPDavid Playfair
Playfair Mortgage Group
0409 020 383
RBRichie Ballard
Atlas Broker
0408 605 930
STStuart Thompson
Mortgage choice
0412 013 823
PLPierre Lutgens
BTB Money
0411 469 046
LCLuke Coates
Mortgage Broker
0457 315 708
MAMatthew Atkin
Plus 61 Finance Pty Ltd t/a Atlas Broker
0402 596 996
SSShirley Shang
Mortgage Broker
0452 291 220
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.