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 Box Hill
KKKiran Kaur
JP Kaur Pty Ltd
0404 872 910
SCShelly Chandrashekar
Shine Mortgage Solutions
0470 453 161
HLHoward Lee
Fibonacci Private Investments Financing Solutions
0414 216 826
KSKriti Sardana
Mortgage Broker
0412 678 454
GNGaurav Nigam
Mortgage Broker
0431 612 977
STSabin Thapaliya
Mortgage Broker
0468 755 418
KSKreme Salvilla
Mortgage Broker
0434 998 400
AKAnush Kumar Kalyana Sundaram
Mortgage Broker
0490 348 767
MSMansi Saxena
Ownit1st Pty Ltd
0430 163 370
JKJignesh Kantariya
Mortgage Broker
0430 582 224
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.