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 Balmain
CCCarol Curtis
Curtis Property Investments Pty Ltd
0401 948 877
GLGavin Lesnie
Mortgage Broker
0438 411 995
JLJames Leotta
Aussie Home Loans - Balmain
0400 461 925
DLDavid Leotta
Mortgage Broker
0422 170 277
NFNaima Foster
Mortgage Broker
0434 572 585
NHNicole Hamilton
Mortgage Broker
0477 013 010
JVJane Vaughan
Mortgage Broker
0414 651 701
MRMarc Ruhoff
Mortgage Broker
0431 339 918
JCJames Candrick
Mortgage Broker
0439 787 006
JSJames Speer
Mortgage Broker
0420 988 559
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.