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 Springvale
NNNelson Nguyen
JNG Finance Pty Ltd
0411 171 411
MCMeggy Chan
Just Loans Pty Lty
0412 378 888
TLTony Le Le
iMortgageConnect
0433 024 689
HEHasalaka Edirisinghe
HBA Global Pty Ltd
0433 803 779
Hang Phan
Mortgage Broker
0423 892 309
PGPamela Granados Jimenez
Loan Market Connect
0432 414 221
JNJason Nguyen
Mortgage Broker
0421 541 683
EGEmily Goriah
Gojo Finance
0490 086 025
EGEmily Goriah
Mortgage Broker
0490 086 025
HWHao Wang
Mortgage Broker
0420 299 212
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.