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 Chermside
PMPeter Malcolm
Pinnacle Financial Services Australia Pty Ltd
0433 160 860
CDCassie Dittman
Grow Well Financial Pty Ltd
0435 963 419
LJLewis Johns
The Australian Lending & Investment Centre
0466 558 192
RZRobert Zuo
Mortgage Broker
0401 115 877
LBLeo Bozzi
Mortgage Broker
0421 339 895
SNSuman Nepal
Nice Loans
0452 356 267
IQIzaac Quaife
Mortgage Broker
0490 519 488
MMMatthew McCartney
Mortgage Broker
0423 956 360
SOShehadeh Obeid
Mortgage Broker
0478 673 287
TATim Amourous
Wealth Growers
0439 008 008
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.