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 South Yarra
TFTravis Fulton
Lantern Capital Pty Ltd
0439 933 922
AMAnthony McDonald
Mortgage Broker
0411 693 403
MOMark Osborn
Mortgage Broker
0419 393 578
CGCarly Grigg
The Melbourne Mortgage Company
0433 836 339
RDRussell Dennis
Start Finance
0412 239 090
BRBen Ryan
Mortgage Broker
0412 895 015
DMDave McCleery
MCP Financial Services
0409 019 630
VAVicki Alateras
Money Bar Pty Ltd
0419 365 556
AAAmit Arora
MCP Financial Services
0402 477 251
AFAnita Fasciani
Mortgage Broker
0421 661 775
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.