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 Point Cook
SSSue Stevens
Mortgage Broker
0432 705 815
SSSudesh Sapla
Smartinvest Finance Pty Ltd
0490 022 264
ASAdrian Sbaraglia
Mortgage Broker
0414 598 320
ABAngad Banga
Mortgage Broker
0433 939 022
RPRianne Pablo
Mortgage Broker
0481 440 050
NRNick Reid
Mortgage Broker
0432 533 736
SSSundaresan Sengundar
Mortgage Broker
0433 455 689
PNPrashant Nand
My Family Finance
0432 775 798
RORobert Ong
Mortgage Broker
0452 578 338
ADAnkur Dhir
Mortgage Pro Group
0433 685 566
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.