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 Wodonga
RWRoland Walsh
Rora Services Pty Ltd
0413 574 739
ACAnthony Constable
Mortgage Broker
0417 670 360
JRJohn Roberts
Mortgage Broker
0427 598 434
PKPaul Kavanagh
Mortgage Finance Solutions Pty Ltd
0438 204 342
WSWayne Smith
Mortgage Broker
0429 606 121
SMScott Meyer
Mortgage Broker
0408 749 733
KHKayla Hosie
Mortgage Broker
0490 515 533
DSDeanna Steley
Mortgage Broker
0418 659 655
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.