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 Pascoe Vale South
RKRaman Kaur
Mortgage Broker
0431 044 555
LVLachlan Veal
Mortgage Broker
0409 339 414
PPPerry Peppas
Mortgage Broker
0401 701 468
TCTyrone Cammaroto
T&T Financial Group
0416 898 009
CDClelia Dale
Mortgage Broker
0413 298 296
JBJacque Bitar
Mortgage Broker
0432 755 074
BHBrenton Hunt
Mortgage Broker
0482 993 655
GPGeorge Peppas
Mortgage Broker
0411 725 079
KKKara Klapsinos
Dewhurst Financial Group Pty Ltd
0423 001 176
MCMathew Ciavarella
Mortgage Broker
0421 019 555
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.