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 Hawthorn
LLLujing Li
Mortgage Broker
0451 003 000
JMJackson McCarthy
Mortgage Broker
0402 233 251
CWClint Waters
AXTON Finance
0422 464 353
GCGordon Chong
Mortgage Broker
0430 590 616
JWJade Wang
Mortgage Broker
0403 184 157
NLNicky Luong
Hawthorn Finance
0421 808 382
GOGraham Ostberg
1123 Consulting
0403 732 694
AKAudrey Khaw
Mortgage Broker
0401 994 190
NKNatalie Keriakous
Assemble Finance
0403 266 702
SBShanker Bala
Slight Edge Finance
0414 999 399
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.