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 Oakleigh
AGAshu Goyal
Mortgage Broker
0430 314 277
ASAnthony Schock
Mortgage Broker
0407 827 985
PCPatrina Chia
J.A.S.Q Investments Pty Ltd
0402 798 286
NSNitya Shivraj
Mortgage Broker
0450 515 051
SMSusan Matthews
Mortgage Broker
0421 327 113
GGGeorge Gendy
Mortgage Broker
0401 230 104
ARAndre Rogers
Loan Market
0431 679 230
MCMarvin Coleman
Mortgage Choice Oakleigh
0431 376 008
GCGeorge Carpoussis
Mortgage Broker
0410 530 354
JCJacquie Chia
Mortgage Broker
0412 557 872
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.