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 Williamstown
RRRae Robin
Mortgage Broker
0417 338 634
THTim Hunt
Tim Hunt Associates Pty Ltd
0412 714 665
BFBen Frawley
Mortgage Broker
0404 147 079
TLTom Langlands
Mortgage Broker
0402 448 856
GPGlenn Paten
M.A.I. Financial Solutions Pty Ltd
0433 466 611
MDMerrick D’Souza
Atlantic Finance
0409 131 678
NGNada Galic
Mortgage Broker
0411 737 115
RWRohan Wood
O2 Finance Pty Ltd
0422 507 705
DCDjamel Chettibi
Finmore Capital Pty Ltd
0401 162 023
CMChantelle Medenilla
Mortgage Broker
0417 749 131
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.