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 Grantham Farm
RMRoland Maglaya
August Financial
0413 032 819
SRSuman Regmi
Mortgage Broker
0432 765 875
SRSiru Rajbhandari
Auxilio Business Solutions
0433 389 877
SASara Ayoub Ayoub
Mortgage Broker
0423 437 919
SSSantosh Shrestha
Mortgage Broker
0411 860 617
JAJesse Amankwatia
Mortgage Broker
0423 394 615
NSNabin Sharma
Mortgage Broker
0404 954 007
ASAtul Sharma
Mortgage Broker
0424 389 004
KCKeshab Chapagain
BK Lending Solutions Pty Ltd
0434 039 873
SAShez Azmi
Mortgage Broker
0401 648 424
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.