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 Niddrie
TBTim Beasley
Active Home Loans
0425 777 649
CCCarol Croce
Vermilion Private Pty Ltd
0421 618 562
FCFrank Campisi
Mortgage Broker
0433 167 977
ACAudrey Chow
Moneywell Finance
0411 049 392
JCJoe Cannizzaro
Mortgage Broker
0400 224 762
JZJohn Zourbanos
Jackant Pty Ltd
0409 936 910
TKTom Kosor
Phoenix Loan Consulting
0409 799 372
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.