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 Palm Beach
MSMichelle Southern
Mortgage Broker
HBHumberto Bustios Veiga
Infinity Group Finance PTY LTD
0449 634 089
AMAngela Moore
Mortgage Broker
0414 450 466
JGJames Giles
Mortgage Broker
0433 818 062
TSTravis Statham
Mortgage Broker
0432 093 041
MBMackenzie Bristow
Mortgage Broker
0408 278 250
KBKerri Blackett
Mortgage Broker
0417 474 906
BMBree Mascelle
Madisons Investments Pty Ltd
0407 627 111
RMRobert Morse
Mortgage Broker
0416 060 704
HKHeather Kellcurcy
Mortgage Broker
0414 480 290
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.