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 Abbotsford
CMChris Makridis
Mortgage Broker
0404 071 397
CFChris Fuentes
Sentient Finance
0451 909 223
SSSalvatore Solano
Mortgage Broker
0413 082 154
CLCharles Lim
Ammolite Finance Group
0425 808 897
CMCathy Mattinson
CTM Financial Services Pty Ltd
0455 179 640
JBJames Black
Mortgage Broker
0409 474 620
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.