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 Mango Hill
JCJamie Currie
Preferred Private Lending
0401 360 713
MMMichael McDonough
Mortgage Broker
0422 373 752
DMDavid Middleton
DM7 Pty Ltd
0473 085 546
NMNeha Mutreja
Mortgage Broker
0436 336 693
VEVince Elanjikkal Vincent
BRISSIE HOME LOANS PTY LTD
0412 193 555
MLMichael Low
Finbay Capital Pty Ltd
0458 729 325
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.