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 Thornbury
SVStevie Von Thees
Mortgage Broker
0412 965 576
APAlexander Phokos
Mortgage Broker
0435 721 040
AMAdrian Matricardi
Your Loan 101
0427 221 825
WMWhitlam Malkoun
Mortgage Broker
0419 832 992
SNShane Neaves
Mortgage Broker
0400 035 164
LCLuke Camilleri
Mortgage Broker
0411 401 028
TRTanya Rabah
Mortgage Broker
0422 280 113
DKDimitra Koutsougeras
Smart Move Home Loans Pty Ltd
0425 775 367
DHDeclan Hanratty
Vanquish Finance Group
0409 089 456
DKDennis Kafkis
Finance 4 Me Pty Ltd
0435 905 533
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.