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 Highett
PDPeter Dee
Mortgage Broker
0474 775 393
MMMatthew Mattsson
Mortgage Broker
0428 671 692
LRLindsay Rose
Credabl
0423 953 393
MWMick Wells
Mortgage Broker
0417 035 602
KWKevin Wallis
Mortgage Broker
0403 052 191
RSRod Stelling
Cascade Home Loans Pty Ltd T/as Tradies Finance
0409 724 861
DPDarren Prins
Radcap Solutions Pty Ltd
0411 597 119
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.