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 Ferntree Gully
PSPreeti Sachdeva
Lending Wizard Australia Pty Ltd
0430 514 471
MWMartin Wild
Smart Finance Brokers Pty Ltd
0490 738 462
JFJenny Fernandes
Aussie Ferntree Gully
0411 156 559
CPCheng Peng
Mortgage Broker
0432 537 890
HCHannah Chen
Mortgage Broker
0447 364 703
GKGreg Karydis
Calculus Finance Pty Ltd
0414 047 097
JSJassi Singh
Hanji Finance Pty Ltd
0437 890 002
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.