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 Mt Waverley
RZRobin Zuo
WEME LOANS PTY LTD ATF WEME FINANCE GROUP TRUST
0426 503 622
KLKatie Liu
JKK Solutions Pty Ltd
0433 682 337
MEMichael Edmondson
Henley Arch Pty Ltd T/A Waterstone FS
0411 036 702
MEMichael Edmondson
Henley Arch Pty Ltd
0411 036 702
POPhillip Olson
Melbourne Mortgage Partners Pty Ltd
0433 105 777
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.