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 Sandringham
LHLincoln Haugh
H2T Pty Ltd t/as H2T Financial Services
0431 110 034
ICIan Celantano
Mortgage Broker
0423 663 463
PNPeter Niere
Mortgage Broker
0410 345 022
SSSimon Smith
Mortgage Broker
0411 224 445
MSMark Seccull
Mortgage Broker
0400 221 651
WSWilliam Sutton
Curate Capital Pty Lyd
0404 882 854
ARAlexander Robertson
Mortgage Broker
0400 189 753
LMLuc McKell
Revas Mortgage Management Pty Ltd
0438 630 584
DADaniela Anthony
Mortgage Broker
0400 282 595
AOAndre O’Brien
Camden Capital
0437 917 007
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.