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 Greensborough
KFKate Farley
Mortgage Broker
0447 304 139
SFShawn French
Blueprint Mortgage Solutions Pty Ltd
0421 052 038
ETEster Tudisco
Mortgage Broker
0409 011 399
PFPaul Fletcher
Mortgage Broker
0488 181 176
DPDamian Pisano
Mortgage Broker
0425 397 554
VCVaughan Clark
Clark Finance Group
0408 111 133
JKJohn Karipidis
Money Saver Finance Pty Ltd
0411 209 898
DCDaniel Carrafa
Mortgage Broker
0419 542 253
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.