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 Templestowe
CVChris Vlassis
Mortgage Broker
0408 800 950
AKAnne Kharoufeh
Brokers Melbourne
0421 257 125
CCCarlo Colangelo
Mortgage Broker
0412 085 075
LTLily Tian
Idealily Finance
0426 961 227
JZJingjing Zhang
Mortgage Broker
0434 777 933
RBRodney Buxton
Mortgage Broker
0459 999 748
RGRajat Goel
JKB Finance Solutions Pty Ltd
0469 721 840
LRLyle Rohde
Mortgage Broker
0434 476 178
KWKevin Wu
Zinnker Capital Pty Ltd
0433 302 105
ISIvan Sango
Mortgage Broker
0482 827 587
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.