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 Frankston South
RERhys Elmi
Mortgage Broker
0400 668 043
NANarida Arnott
One Stone Finance
0478 744 297
LCLiam Carroll
Mortgage Broker
0425 862 038
BKBrad Kirby
Mortgage Broker
0499 999 956
CAClaire Astle
Acorn Mortgages
0431 230 733
JHJaide Hopwood
Elite Capital Solutions
0406 499 606
NTNeil Trotter
Mortgage Broker
0407 678 066
ZRZoe Ramazani
Loan Connectors
0451 451 745
MCMelvin Chacko
Finko Brokers Pty Ltd
0404 099 619
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.