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 Narre Warren South
MCMatthew Crozier
Linx Mortgage Australia Pty Ltd
0430 459 669
GFGerard Francis
Mortgage Broker
0423 904 405
PPPeter Paily
Mortgage Broker
0403 312 517
NNNitin Nagpal
Mortgage Broker
0433 854 722
MLMark Laaksonen
Mortgage Broker
0407 998 891
CWChris Wickenton
Mortgage Broker
0421 768 964
RARyall Affonso
Mortgage Broker
0408 588 837
EMEdwin Machado
Mortgage Broker
0404 056 435
MOMark O’Brien
M. & C. O'BRIEN PTY LTD
0410 570 218
ABAudrey Bulner
Mortgage Broker
0423 434 528
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.