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 Warrnambool
TWTony White
Mortgage Broker
0427 046 902
SWSylvia Williams
Mortgage Broker
0448 744 554
GSGary Strickland
First 4 Finance Pty Ltd
0408 553 615
RDRod Donnelly
Mortgage Broker
0437 776 623
TCTeresa Cito
Mortgage Broker
0439 659 805
JLJason Leishman
Mortgage Broker
0423 468 660
CBChris Beks
Ceebeks Financial Solutions
0400 355 519
PCPaul Cameron
Mortgage Broker
0439 899 335
MPMichael Phillips
Z&MP Finance Pty Ltd
JSJohn Shannahan
Mortgage Broker
0428 624 751
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.