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 Putney
NCNicole Canale
Mortgage Broker
0433 911 281
DPDaniel Pondelak
My Loan Expert
0414 873 820
ANAndrew Naylor
Naylor Financial Pty Ltd
0488 584 444
AEAndre El-Baghd
Ilend Mortgages
0410 580 589
AHAndrei Hantu
Bloom Lending and Financial Strategy
0411 985 179
DSDalip Shahani
Mortgage Broker
0414 473 833
SQSteven Quinn
Mortgage Broker
0423 333 358
HGHaixia Guan
Mortgage Broker
0404 735 058
NNNick Ni
Mortgage Broker
0416 136 818
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.