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 Bentleigh
ALArthur Leontaritis
Mortgage Broker
0412 232 419
GRGraeme Rissman
Mortgage Broker
0411 255 355
CDCam Dunlop
Premier Finance & Associates Pty Ltd
0419 199 000
PKParveen Kumar Kumar
Mortgage Broker
0425 308 118
DBDaniel Behman
Core Financial Group Pty Ltd
0452 113 848
RBRoger Boland
RCB Financial Pty Ltd
0425 770 858
SPShane Potter
Mortgage Broker
0435 077 420
MEMatt Edginton
Mortgage Broker
0412 116 635
NGNick Gannon
Mortgage Broker
0401 832 811
LTLinh Tran
Mortgage Broker
0434 762 843
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.