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 Runaway Bay
DCDarren Comerford
Mortgage Broker
0431 261 177
NCNadine Connell
Smart Business Plans
0411 815 713
DBDes Britton
Mortgage Broker
0432 909 660
MRMark Ryall
Management Rights & Motel Finance PL
0419 640 215
RPRenee Poppett
Mortgage Broker
0414 682 070
JGJordan Giltrap-Ryall
Mortgage Broker
0478 124 454
BSBen Sasonow
Soulmate Loans Pty Ltd
0414 464 699
OCOwen Caterer
Mortgage Broker
0499 977 554
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.