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 Sunbury
PBPhilip Briese
Mortgage Broker
0423 628 664
JDJordan D’Amico
Mortgage Broker
0425 140 003
GPGarth Ploog
Green Hedge Finance
0490 760 552
LWLisa Wilson
Mortgage Broker
0425 770 350
APAnnie Papagrigoriou
Cutter and Co
0422 224 149
VGVince Grasso
Mortgage Broker
0400 503 776
ZMZac Martin
Mortgage Broker
0430 835 533
MBMichael Barnard
Aussie home loans
0437 526 475
ATAnnie Tso
K9 Finance Pty Ltd
0411 783 823
GPGary Pretty
Mortgage Broker
0459 313 474
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.