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 South Morang
SRStacey Rossiter
Prosperity Lane Financial Solutions
0491 607 688
AEAntonio Eftimovski
Mortgage Broker
0407 099 900
KGKelly Goh
Mortgage Broker
0412 511 455
SRSteve Reeves
Stephen Reeves Financial Services Pty Ltd
0434 986 547
SPStacey Polidano
Mortgage Broker
0421 608 116
MBMichael Buceto
Mortgage Broker
0412 377 101
DCDonna Campbell
Jessbri Nominees Pty Ltd
0416 109 126
NJNitin Jethwani
Mortgage Broker
0423 821 097
BZBinoy Zacharias
Mortgage Broker
0493 442 602
TPTony Petrevski
Mortgage Broker
0404 052 239
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.