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 Martha
NLNeil Lovis
Loanworx Group
0402 759 033
BGBen Gardner
Mortgage Broker
0438 322 648
TTTom Tangas
Mortgage Broker
0417 588 115
SLSabina Luthra
Ausind Financial Solutions Pty Ltd
0402 532 001
GWGlenn Watkins
Captiva Finance
0477 318 710
PDPaul Davies
Mortgage Broker
0434 914 499
KCKacey Carey
Savvy Lend Pty Ltd
0431 246 419
CLChitresh Luthra
Mortgage Broker
0423 488 196
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.