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 Auburn
Bahram Rezaei
Mortgage Broker
0468 628 173
RRRichard Redjeb
Key Lending Pty Ltd ATF Key Lending Trust
0419 995 802
TGTony Gao
Austroo Finance Group Pty Ltd
0404 149 201
Ahmad Mirzayee
Mortgage Guardian
0406 264 264
JAJose Arguedas
Mortgage Broker
0479 002 002
ALAnne Le
Leopard Lending (Loan Market Parramatta)
0430 533 777
AAAli Albdairi
Mortgage Broker
0430 357 551
GMGordon Miu Miu
Mortgage Broker
0411 798 988
SASyed Ali
Mortgage Broker
0468 326 758
MRMelad Rahimy
Freedom Finance services
0434 421 381
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.