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 Pakenham
HKHarpreet Kaur
Josan Finance Pty Ltd
0410 091 986
BJBrett Jackson
Mortgage Broker
0422 260 424
PKPreeti Kaur
Mortgage Broker
0426 482 285
Peter Gulati
Prospexx Investment Pty Ltd
0433 897 228
TDTravis Darby
Darby Home Loans Pty Ltd
0458 554 407
NJNav Jammu
Mortgage Broker
SRSiawash Rahi
MELBOURNE LOW RATE HOME LOAN PTY LTD
0421 548 953
NRNuman Rashid
Mortgage Broker
0451 477 760
SKShavanpreet Kaur
Mortgage Broker
0450 361 035
JSJanitha Silva
Universal Lending Pty Ltd
0437 773 359
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.