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 Asquith
LWLara Watt
Headstart Financial Services
0438 190 599
OWOlivia Wilson
Headstart Financial Services
0413 750 616
BDBen Dennis
Mortgage Broker
0488 510 123
AFAlan Ferris
The Complete Lending Company Pty Ltd
0409 189 990
TFTom Felton
Johnson Loans Pty Ltd
0432 606 384
IPIman Pokhrel
Mortgage Broker
0422 243 610
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.