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 Mulgrave
DBDean Burk
Quay Lending
JKJenny Kang
Mortgage Broker
0430 151 770
GLGeorge Lambadaridis
Mortgage Broker
0401 026 565
CJChaluka Jayawardena
Trifin Solutions
0413 227 019
TOTed Ongarezos
Rateone
0404 920 929
DCDarren Cockburn
Mortgage Broker
0412 058 104
KKKlim Kovaceski
Mortgage Broker
0452 207 355
PHPeter Hateley
Foresight Financial Group Pty Ltd
0414 290 184
APAnna Pham
Mortgage Broker
0416 822 295
KRKaren Reid
Mortgage Broker
0433 406 566
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.