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 Morningside
JBJames Buchanan
Mortgage Broker
0413 977 536
SMSamantha Mulhern
Mortgage Broker
0406 373 588
CSChris Stewart
Mortgage Broker
0411 079 349
EVElenni Vasiliou
Mortgage Broker
0433 454 234
JMJonathan Munck
Riverstone Finance
0409 767 981
MMMichael Messenger
Mortgage Broker
0433 961 695
SKSandy Kelso
Kelso Finance Pty Ltd
0452 597 126
MBMarie Buchanan
Mortgage Broker
0401 335 257
JVJonathan Vasiliou
Mortgage Broker
0423 408 954
SSSarah Sheppard
Front Row Financial Management
0420 620 200
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.