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 Milton
PJPatrick Johnston
pave financial solutions Pty Ltd
0404 881 572
BVBen Vagg
Mortgage Broker
0458 612 192
TDTuba Dissanayake
BID Capital Pty Ltd
0439 239 907
BWBarry Wilkinson
Mortgage Broker
0438 011 967
BGBrendan Gilmour
Mortgage Broker
0427 869 407
GAGloria Acikelli Li
LYT Brokers
0478 836 838
RPRajesh Patel
Serenity Finance Pty Ltd
0438 775 042
MAMaria Anastasiou
Mortgage Broker
0476 167 173
JSJames Staples
Fynergy Pty Ltd
0412 143 106
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.