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 Werribee
HHHassan Hassan
Mortgage Broker
0406 307 996
JYJoseph Yusi
Mortgage Broker
0401 566 588
APAmelia Petrenko
Mortgage Broker
0410 017 474
MEMinas Economidis
Mortgage Broker
0477 098 098
SSSubha Saha
Mortgage Broker
0413 811 354
BMBelinda Mangani
Find Your Zero
0405 442 897
PJParveen Jaswal
Mortgage Broker
0422 362 530
ALAlam Lie
Best Friend Finance
0408 002 288
JMJohn Mullins
Mortgage Broker
0408 785 005
CPChloe Paterson
Mortgage Broker
0401 077 422
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.