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 Hillside
BBBeti Butrakoska
Mortgage Broker
0415 884 677
FGFadi Guirguis
Mortgage Broker
0412 000 501
UCUjjala Camilleri
Mortgage Broker
0403 083 950
RBRobert Butrakoski
Qantrium Enterprises P/L
0401 004 893
MKMudit kamal Ghildyal
Mortgage Broker
0402 789 570
BCBelinda Coulson
First and Future Finance
0417 650 045
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.