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 Ormond
SFShanshan Fan
JJ Financial Pty Ltd
0468 588 963
SRSanjeeva Rajapaksa
Mortgage Broker
0400 980 195
KGKelly Gall
Credabl
0437 925 555
SCStephen Crabb
Mortgage Broker
0422 578 854
WBWendy Bennett
Mortgage Broker
0418 585 146
KCKevin Cheong Cheong
Insights Financial (Aust) Pty Ltd
0422 578 805
TJTony Jia
Mortgage Broker
0433 075 120
JHJudy Hua
Mortgage Broker
0434 548 569
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.