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 Surrey Hills
PDPaul Dubois
Mortgage Broker
0427 170 970
FMFrank Musker
Yield Mortgage Broking Pty Ltd
0413 537 230
DGDaniela Greening
Mortgage Broker
0422 005 495
BHBarrie henman
innovative financial concepts
0458 300 353
JLJenice Lee
Mortgage Broker
ABAndrew Barbazza
Interestrate Pty Ltd
0409 171 460
MHMichael Hedger
Mortgage Broker
0429 817 799
SPSotirios Papanastasiou
Mortgage Broker
0413 419 397
SXSheree Xie
Mortgage Broker
0478 656 667
VKVikram Kataria
Mortgage Broker
0425 709 315
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.