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 The Gap
RPRhett Parker
Mortgage Broker
0418 187 288
JWJohn Woodhouse
Mortgage Broker
0430 860 246
LPLeigh Passfield
Mortgage Broker
0418 983 316
PAPhilip Anderton
Mortgage Broker
0733 544 811
TDTanya Du Preez
Mortgage Broker
0430 383 996
BNBrendan Nash
Windies Financial Services Pty Ltd
0419 198 442
MBMadhra Bradley
Home Loans and Commercial Pty Ltd
0411 535 350
MPMichael Parsons
Lendi
0467 166 480
JWJan Wilson
Mortgage Broker
0411 220 255
LLLevia Liu
Mortgage Broker
0415 467 435
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.