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 Ashmore
JKJordan Knights
Haven Property and Finance
ASAngelique Sheedy
Flexible Financial Solutions Pty Ltd
0414 247 574
SPShaun Pratt
Mortgage Broker
0403 731 254
DHDavid Humphreys
DH Moves
0420 750 413
NSNeelam Singh
Mortgage Broker
0416 644 659
RERicky Esteb
Esteb and Co PTY LTD
0424 406 977
BKBen Kelly
BGK Finance Pty Ltd
0422 308 590
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.