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 Mountain Creek
ATAdam Taylor
Your Finance Coach
0414 299 601
GSGrant Stevenson
Cardross Creek Pty Ltd
0417 763 559
TGTony Gray
Mortgage Broker
0417 074 485
CNChris Norton
Mortgage Broker
0400 037 576
AOAngela O’Neill
Mortgage Broker
0404 392 003
CGCol Green
CJG Finance Pty Ltd
0402 413 917
AFApril Fletcher
Mortgage Broker
0498 857 597
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.