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 Clayfield
ACAnthony Ciavarella
Mortgage Broker
0414 937 123
MAMark Anyon
MWA Finance Pty Ltd
0448 681 783
JWJoanne Wall
Mortgage Broker
0413 129 061
TWTony Wall
Astute Hendra
0413 200 166
FBFrankie Bowker
Mortgage Broker
0481 312 319
JWJackson Wall
Mortgage Broker
0413 876 469
MPMartial Peter
ONE26 Mortgages Pty Ltd
0416 201 916
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.