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 Donvale
GSGreg Skien
44245901880
0411 255 855
FHFiona Huber
Mortgage Broker
0437 037 070
JZJunming Zhang
ANCHOR LIGHT GROUP PTY LTD
0410 676 773
TSTom Strmecki
T&T Financial Group
0408 992 920
GPGus Pettitt
Mortgage Broker
0477 009 000
CCChristiane Chen
Mortgage Broker
0432 519 138
DADanni Amore
Riminni Pty Ltd
0419 390 825
MWMingding Wei
Mortgage Broker
0426 908 888
RHRussell Hopkins
Atlas Broker
0433 552 676
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.