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 Mordialloc
ADAdrian Damen
Mortgage Broker
0403 064 053
TMTony Marsh
Bai Group Pty Ltd
0409 924 024
GMGreg Morton
MFC Mortgages
0412 185 715
LLLan Luo
Mortgage Broker
0410 007 986
RLRhye Livingstone
Mortgage Broker
0459 958 893
PFPeter Flanagan
Lifesaver Home Loans
0400 993 939
JMJoe Mennea
Financial Consulting Australia
0413 966 452
NKNeil Kafer
Mortgage Broker
0407 773 218
DWDebra Wilson-Hipworth
Beautifully Pact Financial Solutions Pty Ltd
0425 575 505
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.