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 Carrum Downs
AJAl Jordan
Mortgage Broker
0410 119 126
DMDavid McKenzie
Southside Finance
0409 770 300
JGJamie Girgin
Mortgage Broker
0417 141 078
Andrew Pribil
A&C Finance Group
0402 087 478
JTJose Thirard
JT Finance Solutions
0421 112 606
DFDeclan Fode
Mortgage Broker
0410 818 931
NGNick Gorgosoglou
Mortgage Broker
0410 552 596
ULUdesh Ladduge
Divergent Financial Advisory Solutions Pty Ltd
0481 842 214
SDSara Duman
Mortgage Broker
JAJessica Ashenden
Ashenden Pty Ltd
0426 829 348
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.