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 Preston
LRLisa Resnelis
Lisa Cormio Financial Services
0415 049 454
ADAnton Dirgantoro
GreenProsperity Pty Ltd
0423 192 949
LDLee Dittmer
Lee Dittmer Solutions P/L T/as HOW Property Loans
0410 684 738
DYDavid Yang
Mortgage Broker
0403 350 498
Jesse Errico
JE Consulting Group Pty Ltd
0418 690 338
SWSandy Wang
Mortgage Broker
0413 345 714
TJTijo Joseph
Mortgage Broker
0450 471 713
BTBill Tsigaras
HCA LENDING PTY LTD
0417 316 100
BWBen Walker
BW Finance Solutions
0423 044 641
NPNick Price
BlueRock Finance
0450 422 020
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.