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 Southbank
LNLarry Nugara
Mortgage Broker
0418 350 744
LLLawrence Liang
Mortgage Broker
0416 488 518
CCChris Carstens
Brand Building Pty Ltd
0411 444 211
ABAnkit Babbar
Mortgage Broker
0432 904 856
IDIan Dobie
Mortgage Broker
0409 831 166
RSRick Shen
Mortgage Broker
0421 257 621
CYCheryl Yang
Pinnacle Financial Services
0414 854 989
RGRaquel Guerra
Mortgage Broker
0422 105 253
DLDaniel Lagden
Mortgage Broker
0458 171 920
TBTrish Bowen
Aussie
0412 258 799
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.