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
DBDaniel Boce
Mortgage Broker
0410 469 376
BWBrett Wadelton
Pinnacle Home Loans T/as My Expert Finance
0438 988 885
CLChris Lee
Mortgage Broker
0427 350 396
ASAndrew Sharp
Mortgage Broker
0420 975 751
MEManjula Ezra
Mortgage Broker
0431 307 470
SLShannon Lindsay
Mortgage Broker
0400 568 715
PSPrasath Sivagnanam
The Mortgage Corner (Aus) Pty Ltd
0433 351 114
LLLin Lin
Mortgage Broker
0406 666 400
NFNigel Ferreira
Mortgage Broker
0423 106 419
BWBrett Wadelton
My Expert
0438 988 885
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.