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 Palmview
KWKelly Wei
Mortgage Broker
0426 897 168
SSSimon Scott
Mortgage Broker
0468 375 425
AVAshley Velt
Mortgage Broker
0410 129 072
JRJini Ruparel
Mortgage Broker
0404 137 100
CMColin Mason
Mason Finance Group
0437 007 407
JBJade Bourke
Vela Wealth Management
0754 575 000
YBYadi Brar
HB Financial Solutions Pty Ltd
0423 144 011
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.