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 Wallan
JDJoseph Daher
Mortgage Broker
0418 551 226
TCTaylor Campbell
Outside In Finance Pty Ltd
PMPardeep Malik Singh
KIAVED PTY LTD Treading as Right Path Loans
0452 211 139
JSJovin Singh Singh
Jovin Singh PTY LTD
0403 216 704
DSDeb Smith
Mortgage Broker
0411 777 876
MSMelanie Shillinglaw
MB SHILLINGLAW HOLDINGS PTY LTD
0433 690 510
MFManesh Fernando
Mortgage Broker
0430 452 233
HSHarry Sandhu
Aussie
0449 169 009
TBTanveer Bedi
Mortgage Broker
0416 660 003
LPLaura Pope
Mortgage Broker
0459 113 216
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.