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 Ringwood North
MCMark Cleland
Mortgage Broker
0447 366 312
DADebbie Amara
Mortgage Broker
0424 133 191
TCTom Carmody
Craft Financial
0413 664 227
ASAmy Song
Mortgage Broker
0433 996 428
SWSeth Winkles
Mortgage Broker
0479 077 888
PMPeter Musumeci
Mortgage Broker
0409 039 893
NWNirosh Weerasinghe
Finance Circle Group
0401 976 188
NSNathan Sitas
Central Finance Solutions P/l
0478 297 646
RCRaph Corbett
Mortgage Broker
0413 796 019
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.