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 Patterson Lakes
CMCourtney Malyaris
Mortgage Broker
0451 563 374
JOJohn Oakley
Oakfam Pty Ltd
0413 511 772
CNCraig Nichols
securinvest mortgages
0417 500 392
MBMark Burridge
Mortgage Broker
0408 500 213
KOKeith Owen
Keith Owen Home Loans
0419 894 035
HCHeather Clowes
i Finance Solutions
0400 050 282
SEStephen Earle
B-Sure Mortgage Services PTY LTD
0401 088 421
BLBarry Le Brocq
Melbourne Mortgage Finance
0437 417 042
JBJeff Baker
Mortgage Broker
0407 810 230
PBPat Baker
Signpost Financial Solutions P/L
0412 310 224
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.