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 Maribyrnong
OSOlga Stone
Mortgage Broker
0404 905 755
GTGoran Trogrlic
SCHL Pty Ltd
0414 258 901
QNQuang Nguyen
Mortgage Broker
0431 389 396
CHChantelle Huynh
Mortgage Broker
0423 037 464
CKChantelle Khouri
Mortgage Broker
0479 049 462
DTDavy Tran
Optimus Finance Pty Ltd
0481 567 200
KLKimberley Le
Kimberley Loans Services Pty Ltd
0433 158 597
SSSakshi Shrivastava
Mortgage Broker
0481 014 200
SSShikhar Saurav
Mortgage Broker
0406 124 494
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.