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 Glenwood
MMMarie Manalo
Mortgage Broker
0402 132 783
DGDevang Gandhi
Elite Lending Partners Pty Ltd
0411 463 123
DGDavid Goyen
Australian Mortgage Assist Pty Ltd
0415 111 165
TBTom Bracey
Mortgage Broker
0447 009 841
NMNatasha Matronitsky
Mortgage Broker
0408 173 249
SSSukhi Singh
Infinity Finance Solutions Pty Ltd
0497 770 000
HIHarry Inns
Mortgage Broker
0410 423 001
SSSarju Shrestha
AASA International Pty Ltd
0422 636 428
DVDevendra Verma
u-value Financial Services Pty Ltd
0422 963 563
CBCedric Bartlett
Mortgage Broker
0451 019 611
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.