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 Bulleen
PPPeter Piccione
Crest Financial Group Pty Ltd
0410 609 993
NPNicholas Phaedonos
Mortgage Broker
0423 466 533
HYHua Ye
Mortgage Broker
0430 182 540
DEDaniel Esposito
Mortgage Broker
0416 058 360
MGMichael Giannone
Mortgage Broker
0413 434 189
EPEve Papadopoulos
Mortgage Broker
0414 345 447
KCKarmun Chin
Mortgage Broker
0423 481 864
SLStuart Lafranchi
Red Dragon Financial
0439 437 909
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.