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 Broadbeach Waters
MMMichael Maguire
Mortgage Broker
0418 762 625
ESEsther Scerri
Mortgage Broker
0422 882 161
KBKerri Burness
Equity Access Australia Pty Ltd
0423 834 862
DEDaniel Endor
Mortgage Broker
0491 969 988
RWRosie Wisbey
Mortgage Broker
0402 095 535
LTLee Tsiboukas
Serres Finance PTY LTD
0422 615 514
DEDrew Evans
Kelston Capital
0468 881 466
STSanna Tammila
Clear Sky Finance
0403 083 169
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.