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 Armadale
JKJames King
Marshall White Finance Pty Ltd
0438 726 933
CBChristopher Bailey
Bailey Finance Consultants
0416 198 249
ASAdam Slade-Jacobson
Mortgage Broker
0411 176 600
PAPhil Aldridge
PHA Financial Services Pty Ltd
0438 565 911
Adam Humphreys
Mortgage Broker
0427 740 710
GJGraham Jay
Statewide Assets Pty Ltd
0410 335 155
CWCavan Wee
W Private
0403 303 188
AAArshad Ali
LZR Finance Pty Ltd
0404 167 905
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.