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 West End
CRClaire Robinson
Mortgage Broker
0422 577 152
DZDayna Zernike
Mortgage Broker
0410 669 132
ICIvan Chin
Mortgage Broker
0405 439 317
SMSteve Morant
Alpha (Aust) Financial Solutions Pty Ltd
0466 980 722
SKSeva Konstantinou
Sage
0400 016 000
DYDavid Youels
Mortgage Broker
0411 474 913
BWBingqian Wang
Mortgage Broker
0402 708 099
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.