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 Glen Iris
YCYunita Chandra
Mortgage Broker
0433 211 992
SGSimon Gray
S J. GRAY & ASSOCIATES Pty Ltd
0419 316 191
JSJialu Shi
Mortgage Broker
0433 966 112
SXSimon Xu
SDC Finance
0410 816 666
MSMark Shaikh
OZYLOANS PTY LTD
0426 976 876
ATAndrew Tushuizen
Auto loans Group
0427 813 025
JMJaime Mitkov
Mortgage Broker
0439 393 224
ATAndy Truong
Alliance Mortgage Group
0421 884 286
KMKartik Mashar
Mortgage Broker
0425 270 925
LTLauren Tuff
Mortgage Broker
0405 085 022
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.