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 Wantirna South
BOBarry Oxley
Lending Specialists Pty Ltd
0410 476 777
KKKo Ko Naing
Mortgage Broker
0402 715 223
DADinesh Adigopula
LOANS SORTED
0438 191 919
JHJohn Hobbs
Mortgage Broker
0404 058 322
JMJames Muhllechner
Mortgage Broker
0413 512 491
JPJay Patel
Mortgage Broker
0449 785 219
MLMaggie Li
Mortgage Broker
0430 757 183
SSSubramanian Sangameswaran
My Business Consultancy Services Pty Ltd
0425 779 451
JPJohn Philipose
Aussie Home Loans - Lendigroup
0421 367 763
TZTao Zhang Zhang
Mortgage Broker
0420 511 911
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.