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 St Kilda
BBBertrand Buffet
WeNeedFinance
0406 624 318
DDDennis D’Angelo
Mortgage Broker
0437 447 608
ZZZoe Zhu
Mortgage Broker
0412 436 616
EREmma Rotstein
Mortgage Broker
0451 151 657
LRLyndel Romeo
Mortgage Broker
0421 118 114
DADylan Allen
Panoramic Loans
0402 327 907
SFShayne Fraser
Mortgage Broker
0410 161 145
ECEvelyn Clark
Everlend
0402 724 003
AWAlex Whetton
Mortgage Broker
0447 457 461
RTRick Tong
Mortgage Broker
0482 026 644
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.