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 Thornlands
SHShane Hood
Nexus Mortgage Solutions
0427 577 715
RFRoland Fischer
The Trustee for RC Fischer Family Trust
0406 617 978
TWThusi Wickramasinghe
Loan-On-Me Mortgage Solutions
0413 260 745
RCRenee Cunningham
Mortgage Broker
0411 367 787
ARAnthony Rickards
HMW Finance Pty Ltd
0488 042 802
MBMatthew Boxer
Mortgage Broker
0438 733 109
NBNeil Barker
Neil Barker Lending Solutions Pty Ltd
0417 749 326
LVLachy Varala
YourMortgageBroker Pty Ltd
0413 897 367
SSSteven Shaw
Mortgage Broker
0421 622 906
JSJo Shaw
Mortgage Broker
0477 712 522
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.