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 Notting Hill
ACAlex Cooch
Mortgage Broker
0402 435 142
CLChanaka Lokubalasuriya
Mortgage Broker
0425 747 310
JCJustin Crough
Mortgage Broker
0421 403 177
CCCatherine Chen
JCL Financial (Aust) Pty Ltd
0431 192 836
KTKim Teschendorff
M8 Finance
0418 808 672
SLSean Lowe
Mortgage Broker
0424 903 233
DMDavid McPhee
M8 Finance Pty Ltd
0434 745 123
RGRakesh Gupta
ARG Finance Pty Ltd
0433 511 655
SVSam Vaseekaran
9Cloud Finance Pty Ltd
0413 018 160
LALanny Angkawati
F & A BROKER PTY LTD
0433 388 948
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.