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 Templestowe Lower
TMTheo Makris
Sirkam Pty Ltd Tas 2Secure home Loans
0417 022 344
DMDan McNamara
Mortgage Broker
0488 442 355
PBPeter Bassilios
Money Tree Mortgage Group
0401 272 268
GPGeorge Paleologos
Mortgage Broker
0438 850 502
JSJamie Stokes
Mortgage Broker
0489 073 218
JLJo Lentini
Roasted Pty Ltd
0408 866 861
RMrojin Meimandi
Mortgage Broker
0448 244 456
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.