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 Mount Eliza
BNBen Nicholls
Elite Strategies
0413 873 775
BDBernard Desmond
Mortgage Broker
0499 888 666
DBDaniel Bowler
Mortgage Broker
0431 175 886
ALAngelo Lekkas
EXP Financial Group
0418 800 302
BJBrad Jensen
WiseWallets PTY LTD
0472 863 304
RRRichard Rault
Mortgage Broker
0400 322 460
IMIan Mackinnon
E-PPod Pty Ltd
0412 911 131
PDPeter Deitz
Mortgage Broker
0413 439 766
GBGreg Burton
Tanzman Pty Ltd
0416 022 707
BABret Alessandrello
Thrive Finance Brokers Pty Ltd
0499 396 187
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.