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
JLJohn Lombardo
Mortgage Broker
0414 349 816
VYVincent Yang
Mortgage Broker
0481 831 206
DMDarren Maclean
Mortgage Broker
0409 356 106
Giorgio Stefanatos Stefanatos
Mortgage Broker
0421 274 694
PEPhillip Elliott
Mortgage Broker
0408 181 188
JAJarrod Attwood
Attwood Financial Pty Ltd
0407 756 192
DLDavid Lelean
Mortgage Broker
0481 186 550
KOKaylan Old
Resolve Finance
0448 071 618
CTCatherine Todd-Burchill
Mortgage Broker
0401 900 627
ANAlly Naylor
Mortgage Broker
0459 171 431
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.