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 Blackburn
AEAnn Elkins
Mortgage Broker
0409 144 365
KLKelvin Lee
Mortgage Broker
0423 218 836
GPGreg Pierlot
The 500 Group Pty Ltd
0400 239 611
PSPadmini Shanmugam
Mortgage Broker
0422 735 290
NPNick Pantu
Prime Time Advisory
0438 701 558
JCJoshua Chang
Mortgage Broker
0403 135 611
HCHayley Crow
Mortgage Broker
0421 622 609
LTLuke Taylor
Mortgage Broker
0433 174 992
DBDean Burston
Mortgage Broker
0412 609 597
TETony Elkins
Mortgage Broker
0458 930 911
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.