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 Reservoir
SLSong Lin
Mortgage Broker
0431 166 666
JFJack Franin
Mortgage Broker
0437 865 755
JSJarrad Sleight
Mortgage Broker
0407 417 157
JCJake Cunningham
Empower Wealth Mortgage Advisory
0499 991 212
HLHume Leow
Mortgage Broker
0435 528 466
NMNikhil Makati
Mortgage Broker
0466 099 446
Steve Rakic
Mortgage Broker
0403 486 883
THTamara Hillier
T.A.H Broker
0408 198 170
MPMatthew Pyers
Mortgage Broker
0477 338 288
MSMuninder Sandhu
Mortgage Broker
0419 302 764
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.