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 Eltham
DHDaniel Hustwaite
Aqua Financial Services
0408 985 611
MBMichael Brown
Outside In Finance
0403 731 179
DKDayne Kleeman
Aqua Financial Services
0419 504 576
AFAnil Fernando
Square Deal Fin Pty Ltd
0424 027 202
NPNicholas Peters
Mortgage Broker
0404 086 390
BMBrendan Moon
Mortgage choice
0428 152 227
LSluke Sartori
Broker One
0403 725 856
LSLachlan Somerville
Mortgage Broker
0429 497 778
DPDaniel Platypodis
Mortgage Broker
0421 353 070
DHDavid Henderson
Mortgage Broker
0437 668 620
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.