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 Gables
BVBala Vasan
Mortgage Broker
0468 918 454
MZMichele Zammit
Mortgage Broker
0414 961 618
JSJuliana Sekenhamo
Mortgage Broker
0421 562 194
JCJas Chugh
JCFIN PTY LTD
0430 540 625
SCScott Copperfield
No Fuss Home Loans
0405 651 496
HNHarry Nagra
Zora Finance Pty Ltd
0433 159 376
MSMiheer Sanghani
RAMS Finance Pty Ltd
0478 930 986
MBMaria Beux
EverTrue Finance Pty Ltd
0489 294 000
PGParas GORWADIA
Mortgage Broker
0481 246 484
GSGina Siasat
MegaChoice Finance Australia
0424 977 870
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.