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 Woolloongabba
TKTracy Kearey
Mortgage Advice Bureau - Brisbane
0417 738 469
GBGavin Blaine
Presidio Finance Consultant
0424 680 890
NMNikita Murphy
Mortgage Broker
0430 670 141
TUTom Uhlich
Mortgage Broker
0476 111 000
BABrock Aston
Mortgage Broker
0428 873 548
IGIrina Gromchenko
Mortgage Broker
0416 340 075
TKTaylor Kelly
Mortgage Broker
0401 261 915
NTNirav Thakkar
Mortgage Broker
0430 868 323
LVLisa Venn
Loan Market
0437 620 215
JRJames Ritchie
Mortgage Broker
0433 147 021
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.