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 Brighton
JBjohn Bowes
Mortgage Broker
0477 881 428
HMHerbert Mai
MEDIQ Financial
0413 720 556
AYAndrew Yerolemou
Mortgage Broker
0430 084 846
MWMathew Wright
Mortgage Broker
0404 038 632
ELEve Larosee
Mortgage Broker
0404 866 575
SWSuzanne Wang
Mortgage Broker
0424 761 688
TWTim Whitelaw
Pinnacle Finance Group
0413 808 031
ERElina Romagnino
Mortgage Broker
0420 404 166
CYCam Yangco
Hanna-Yangco Finance Company Pty Ltd
0411 069 162
STSylvie Tang
Brighton Home Loan
0417 298 788
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.