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 Moonee Ponds
JRJason Rohde
Mortgage Broker
0417 011 286
PIPino Ioculano
Applied Finance & Investment Group Pty Ltd
0407 567 317
SRSophie Rizzas
Mortgage Broker
0430 164 014
AAAldo Anile
Mortgage Broker
0415 641 685
DHDaryn Heffernan
Trusted Finance Solutions
0437 983 628
CPCameron Price
Mortgage Broker
0402 200 151
DCDavid Cavigan
Mortgage Broker
0448 708 119
RGRebecca Gionfriddo
Mortgage Broker
JMJennifer McLaughlin
Finseek
0411 089 384
CSChantal sequeira
Mortgage Domayne
0417 979 044
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.