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 Croydon
MEMarjan Eftekhar Afzali
Coral Mortgage solutions
0458 626 107
MNMichael Naughtin
PKM Loan And Mortgage Advisors Pty Ltd
0421 874 011
APAdam Piper
Mortgage Broker
0417 339 830
NBNic Berry
Mortgage Broker
0422 685 003
JGJohn Gorton
Mortgage Broker
0411 988 264
GLGrace Lim Lim
Mortgage Broker
0450 484 168
Robert Rollfink
Rockfeather Financial
0411 441 432
IPIggy Patel
Mortgage Broker
0424 726 558
BMBrett Moyle
Mortgage Broker
0439 310 066
TDTristram Dods
Trisib Pty Ltd t/as Aussie Mitcham
0438 714 898
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.