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 Ascot Vale
SMSimon Mackie
Mortgage Broker
0402 911 367
Steph Warwarek
Ruby Things Pty Ltd
0480 586 139
SCSantino Cuzzilla
Mortgage Broker
0423 337 899
PWPatrick Walton
Torlix Pty Ltd
0430 455 592
SFSarah Farrugia
SAF Finance Pty Ltd
0449 731 056
CEChristopher Eid
CE Finance Solutions
0418 326 763
JKJim Kiapekos
Mortgage Broker
0423 862 220
NCNam Chau
Ascot Mortgage Group
0402 694 839
JLJenna Lee Bojic
Mortgage Broker
0466 489 660
SLShaun Lynch
Mortgage Broker
0435 452 419
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.