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 Scoresby
LHLinda Hamilton
Orion Finance Solutions
0492 006 298
SSSunny Sun
Sunny Finance Pty Ltd
0424 194 688
JMJigar Modi
Mortgage Broker
0404 673 664
MHMichael Hughson
Mortgage Broker
0430 989 880
RARonald Alcock
Mortgage Broker
0439 244 325
PLPaul Loupetis
L5 Finance
0425 800 005
PVPreeti Vaish
Truadvise Financial Services Pty Ltd
0438 626 221
JCJeff Crew
Lending Specialists
0410 696 144
NNNarotam Negi
Mortgage Broker
0457 523 942
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.