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 Carlton
OEOsman Esmer
Mortgage Broker
0422 177 199
Rielle Berglund
Matilda Tree pty ltd
0428 889 893
GGGoran Gorgievski
Mortgage Broker
0402 878 768
MTMatthew Trad
ZT Finance
0405 002 393
SFStephen Ford
Mortgage Broker
0466 491 945
SBSuman Bista
Mortgage Broker
0423 871 267
BKBharat Kandel
Mortgage Broker
0414 500 182
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.