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 Fraser Rise
DCDavid Chatterjee
Lending Legends Pty Ltd
0412 358 193
TKTaner Kibar
Mortgage Broker
0402 694 842
JWJasjeet Walia
Mortgage Broker
0433 749 681
BMBarry Malhan
Befree Finance Pty Ltd
0434 287 545
APAnisha Piplani
Mortgage Broker
0422 359 445
VBVinay Bhardwaj
Tulip Finance Pty Ltd
0410 128 007
JSJaideep Singh Gill
Legit Finance Services
0451 996 914
EDEryk Dziubek
Mortgage Broker
0403 141 391
RRRishi Rishi
Mortgage Broker
0402 828 309
JCJayden Ciotti
JFC Finance Pty Ltd
0431 094 853
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.