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 Traralgon
RGRobyn George
Mortgage Broker
0439 431 216
KDKylie Donelly
Mortgage Broker
0411 488 952
DCDean Cox
Mortgage Broker
0413 038 909
RMReni Minchella
Tower Lending
0421 844 703
SHSimon Hemming
Mortgage Broker
0418 501 873
JLJason Low
Mortgage Broker
0412 092 102
DWDougal Williams
Mortgage Broker
0476 155 723
RBRobyn Beath
Mortgage Broker
0458 403 782
DHDavid Hunt
Deal Set Finance Pty Ltd
0437 115 320
NENicholas Egan
Mortgage Broker
0448 695 626
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.