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 Parkdale
LJLeigh Jones
Mortgage Broker
0417 378 093
MSMartin Stone
Mortgage Broker
0409 357 706
ODOsman Duman
Fig Finance Pty Ltd
0413 085 419
ALAngela Liacopoulos
Mortgage Broker
0412 714 494
PMPeter Maroudas
Sabona Pty Ltd
0416 020 631
MDMark Dean
Mortgage Broker
0488 286 521
DPD’Avery Pillay
Mortgage Broker
0422 481 961
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.