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 Warrandyte
DBDarren Bowers
Mortgage Broker
0413 494 658
CAChristian Arsenis
Evimero Finance Pty Ltd
0422 888 399
ACAlan Casey
Mortgage Broker
0427 600 512
PUPaul Upston
Rush Finance
0422 670 372
DRDee Rutherford
Evimero Finance
0409 080 599
SNSteven Nassios
Mortgage Broker
0422 995 177
MLMelissa Long
Mortgage Broker
0422 094 258
FDFrank Daly
Mortgage Broker
0418 538 382
TWTravis Wason
Wason Family Trust
0414 943 956
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.