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 Camberwell
AMAdrian Monti
East Coast Financial Pty Ltd
0412 221 049
KMKathryn Ma
Mortgage Broker
0410 353 399
XHXiaojun Hu
Mortgage Broker
0435 551 196
PDPeter D’Arcy
Mortgage Broker
0418 585 211
HLHui Li
Mortgage Broker
0433 456 410
MLMartin Lin
Mortgage Broker
0477 577 677
YCYin Chen
Mortgage Broker
0401 187 527
BGBrett Gorman
Boland Investments Pty Ltd
0414 339 416
SJStuart Jones
Michael Roach Financial Solutions
0417 328 248
HKHish Kasem
AS Mortgage Partners
0421 558 299
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.