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 Richmond
ADAsh Dalla Lana
Mortgage Broker
0412 809 827
WUWill Unkles
40 Forty Finance
0423 482 117
SLScott Lawson
Mortgage Broker
0455 621 555
KCKris Court
Court Financial Services
0412 207 195
AHAndrew Heard
Loan Ranger Home Loans
0417 159 842
MUMark Unwin
Extra Financial
0435 353 521
DPDean Phelan
Mortgage Broker
0425 723 222
AGAaron Gardner
Mortgage Broker
0448 059 782
JKJeremy Kruse
Mortgage Broker
0411 149 662
CLChristopher Lowes
Mortgage Broker
0412 032 340
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.