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 Toorak
XWXiao Wang
Mortgage Broker
0402 385 088
Andrew White
National Mortgage Services Pty Ltd
0405 147 875
BJBelinda James
Ripple Finance
0417 378 041
DWDavid Wegener
Mortgage Broker
0411 514 923
Andrew White
EUREKA CAPITAL PTY LTD
0405 147 875
DGDaniel Gold
Mortgage Broker
0420 219 259
AMAngus Macdonald
Mortgage Broker
0429 345 123
JAJordan Andrews
Mortgage Broker
0458 458 311
AKAndrew Kelly
Mortgage Broker
0448 152 736
PVPeter Vinci
Mortgage Broker
0438 041 111
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.