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 Wangaratta
PSPat Sacco
Mortgage Broker
0414 572 558
MJMaree Johnstone
Mortgage Broker
0418 377 057
HSHarrison Smart
Mortgage Broker
0434 441 149
MRMichelle Ruvolo
Mortgage Broker
0407 500 687
SKSara Kalcic
Mortgage Broker
0409 166 617
AIAnthony Igri
Mortgage Broker
0412 883 195
TRTony Ruvolo
Win Securities Limited
0419 546 128
PMPenelope McIntyre
Mortgage Broker
0438 771 427
FJFraser Jeffrey
Fraser Jeffrey Finance Pty Ltd
0357 222 316
JPJason Parsons
Mortgage Broker
0405 049 360
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.