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 Upper Mount Gravatt
CACatherine Anderson
Mortgage Broker
0452 024 374
IWIvy Wong
Smart Mortgage Corp Pty Ltd
0481 010 079
KBKenneth Bralow
Mortgage Broker
0414 269 280
ADAngela Duong
Smart Mortgage Corp Pty Ltd
0730 619 787
ADAyla Dunn
AYD Finance Pty Ltd
0426 543 279
SHSusan Hall
Mortgage Broker
0418 196 145
AWAndrew Watson
Villefranche One Pty Ltd
PDPatrick Dawson
Mortgage Broker
0493 065 943
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.