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
SSSteve Stemp
Mortgage Broker
HGHelen Gillman
Capital Funding Group Pty Ltd
0432 073 596
KWKelby Wooldridge
Mortgage Broker
0447 010 164
JCJustin Cantarella
Mortgage Broker
0414 565 391
GWGrant Williams
Observatory Finance Solutions Pty Ltd
0406 863 400
BHBrad Haining
Mortgage Broker
0425 132 224
ERErik Raaschou
Raaschou Finance Group
0410 664 166
CJClifford Joseph
Mortgage Broker
0455 500 306
SMShelley McGinty
Preston Point Capital
0474 722 722
NPNathalie Pelissier
Mortgage Broker
0415 720 699
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.