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 Doncaster
TATom Antoniou
Loans For Choice
0418 511 449
CYChunqi Yao
Mortgage Broker
0415 971 770
MWMichael Woods
Mortgage Broker
0414 812 612
TTTracey Tran
Mortgage Broker
0411 144 679
JSJames Sarantos
Ethical Lending Concepts Pty Ltd
SBSimon Bowler
Mortgage Broker
0418 604 910
SKSunit Kapur
Sungroup Mortgages Pty Ltd
0481 182 667
WWWick Wickramarachchi
Mortgage Broker
0433 034 264
JZJohn Zois
Mortgage Broker
0414 423 291
Jacky Cheung Cheung
Wealthcorp Finance
0411 961 008
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.