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 Taylors Lakes
DKDan Kasperovic
Mortgage Broker
0417 540 854
SKSunil Kokare
Mortgage Broker
0421 355 660
PPPaul Pisasale
Mortgage Broker
0411 100 151
CBChelsea Burton
Mortgage Broker
0401 676 593
SPScott Parry
Crown Lending
0400 767 647
TSTona Salfate
Cornerstone Capital Lending
0411 801 456
JMJohn Magnone
Mortgage Broker
0416 419 430
SLShane Lalor
Mortgage Broker
0419 300 043
ACAlma Custovic
Upturn Accountants and Advisors
0426 048 932
KKKyp Kyprou
HILC PTY LTD
0413 387 351
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.