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 Cairnlea
BTBen Tran
White Knight Financial Services Pty Ltd
0416 688 877
NJNawreen June
INVISOR PTY LTD
0403 651 132
ABAdam Brandt
Mortgage Broker
0409 257 846
AHAnthony Huynh
Orange Financial Services
0422 647 374
NVNandini Varma
N & S Varma Pty Ltd T/as Mortgage Choice
0418 166 866
HNHarry Nguyen
Mortgage Broker
0489 266 666
JBJason Barbara
Port Capital Group Pty Ltd
0402 939 084
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.