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 Yarraville
David Zhao
Apex Finance Solutions Pty Ltd
0420 400 820
BGBrent Gardiner
Mortgage Broker
0412 191 185
CBCody Baxter
Mortgage Broker
0433 724 732
DWDerrick Wong
Mortgage Broker
0485 874 088
SSStephen Simone
SIM1 Advisory Pty Ltd
0447 712 226
PWPaul Woodney
DF (VIC) PTY LTD
0477 244 911
JWJacob Williams
Mortgage Broker
0410 064 907
TDThien Do
Finr Advisory
0403 355 944
ARAdam Runciman
Defence Finance Pty Ltd
0407 883 376
CAChristos Apostolakis
Linklend
0422 733 627
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.