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 Chadstone
SPSharon Piening
Evolve500
0433 210 353
CHCaitlyn Holmes
The Lending Society Pty Ltd
0438 661 491
UPUswatta Perera
NP Homelons
0412 021 150
ALAndrew Low
SCG Finance
0406 672 661
IPIrene Plavin
ESTATE LOANS
0413 753 885
AGAndrew Grano
BBB Partners
0413 954 517
SRSuresh Rakheja
Https://Dbijfinance.Com.Au
0422 094 831
NKNick Krauser
Mortgage Broker
0400 300 148
ACAsh Chawla
True Loan Solutions
0422 210 069
PSParth Shah
Jabsons Finance Pty Ltd
0430 107 311
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.