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 Waverley
VGVikas Gupta
Perfect Finance Solutions Pty Ltd
0414 770 852
APAmit Patel
Mortgage Broker
0403 323 436
NNNicole Ng
Mortgage Broker
0401 179 616
WZWei Zhuo
Mortgage Broker
0452 209 505
JPJacquie Pascoe
Mortgage Broker
0398 030 526
RDRochelle Dai
Mortgage Broker
0430 976 811
SXSteve Xu
Infinitum Finance Solutions Pty Ltd
0406 622 732
ATAudrey Tan
Wealth Alliance Pty Ltd
0450 848 996
GLGang Lu
Mortgage Broker
0421 470 462
SXShirley Xue
Mortgage Broker
0490 962 931
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.