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 Bundoora
JMJeffry Mather
Mortgage Broker
0414 576 095
PKPeter Kapeleris
Mortgage Broker
0403 188 454
SSSurendra Sedhai
Mortgage Broker
0423 887 386
BMBetty Mo
Golder Harvest Finance
0448 874 401
SWSaman Wijesundara
Mortgage Broker
0413 341 456
KSKonstandina Siskos
Mortgage Broker
0418 811 434
MGMichelle Gorsevski
NMFG Pty Ltd
0405 221 714
JBJim Belevski
Casablanca Finance Pty Ltd
0419 547 347
GAGrant Arbuckle
Mortgage Broker
0402 587 803
DEDanijela El Moussalli
Mortgage Broker
0407 671 038
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.