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 Buderim
KHKirsty Hague
Mortgage Broker
0401 155 262
JFJason Fraser
Mortgage Broker
0404 722 477
CKCarol King
Loanmarket Buderim
BNBarry Newton
Newmap Pty Ltd
0404 494 951
CGCraig Giles
C F & M K Giles Pty Ltd
0447 493 125
JCJon Colley
Loan Wize Pty Ltd
0412 170 314
FLFrank Lister
Mortgage Broker
0490 044 152
CSCameron Spencer
Mortgage Broker
0427 379 685
CFChristopher Floyd
Mortgage Broker
0410 564 613
CBChloe Baptiste
Mortgage Broker
0437 076 140
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.