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
SGShefali Gupta
Mortgage Broker
0450 430 668
MLMichael Large
Mortgage Broker
0432 797 227
SRStacey Reece
Mortgage Broker
0403 666 167
SSSaroj Shakya
Mortgage Broker
0401 158 620
SNShrinkhla Narula
Mortgage Broker
0402 592 457
RLRachel Lau
Loanbrix
0433 223 936
ABAndrew Burgan
Lime Financial Services Pty Ltd
0400 100 777
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.