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 Rowville
PCPhilippa Caarels
SCM Finance Solutions Pty Ltd
0425 739 498
KSKelli Stephenson
Mortgage Broker
0415 322 944
CSChris Savva
Revolve Finance
0403 121 826
SHSteve Hughes
Stephen Hughes Finance
0419 222 262
JCJamil Chowdhury
Mortgage Broker
0425 476 222
WDWinnie Dai
Mortgage Broker
0410 360 072
APAdrian Pearce
Mortgage Broker
0402 354 591
JHJason Hodges
Mortgage Broker
0411 514 348
ALAnson Lee
Anson Mortgage
0456 664 333
DXDante Xu
Mortgage Broker
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.