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 Berwick
MRMichael Rabot
Mortgage Broker
0407 711 336
SMSolomon Mendis
Mortgage Broker
0431 141 272
CSColin Sheppard
Loan Studio
0403 766 650
SYSean Young
Mortgage Broker
0431 331 353
RDRobert Darlison
Evolve Finance Pty Ltd
0407 709 450
ALAngel Li
Mortgage Broker
0466 797 491
HSHarj Singh
Mortgage Broker
0433 243 382
MRMia Rodriguez
My Expert
0402 775 549
JSJohn Smith
Resolve Finance Warragul
0429 353 975
CDChav De Almeida
Affinity Asset Finance Pty Ltd
0406 526 692
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.