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 Wheelers Hill
KZKevin Zhang
KAIZEN FINANCE
0421 788 716
WWWen Wen
Mortgage Broker
0423 894 877
SVSadish Visvalingam
Mortgage Broker
WCWing Chiu
Mortgage Broker
0403 368 727
BMBrett McKay
Mortgage Broker
0448 168 168
DMDaniel McCusker
DAANMC Pty Ltd
0411 195 599
MCMick Credlin
McDonald Finance Group Pty Ltd
0409 500 128
AKAaron Kane
EK Financial Group
0413 394 695
KBKal Baalu Baalu
Mortgage Broker
0451 969 305
VDvineet Danwar
Mortgage Broker
0424 781 980
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.