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 Caroline Springs
GHGreg Hart
GFH Finance Pty Ltd
0414 883 550
ABAdam Brink
Mortgage Broker
0499 000 125
AMArif Mutluel
HAMR Investments Pty Ltd
0431 155 690
TKTerry Kypreos
Financial Network Group Pty Ltd
0474 698 190
RDRajinder Dhillon
Platinum Mortgage Broking Services Pty.Ltd.
0473 034 989
PAPooja Arora
Mortgage Broker
0435 191 930
DMDarren Moon
2 Moons Financial Solutions
0416 151 152
YGYuan Gao
Mortgage Broker
0451 970 712
BBBurcu Buran
Mortgage Broker
0480 181 774
RCRobert Carmichael
Certitude Finance Group
0403 226 891
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.