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 Bondi Beach
GBGreg Bishop
Mortgage Broker
0410 535 633
PNPatrick Noll
Mortgage Broker
0420 592 166
MHMichael Hynes
Mortgage Broker
0412 224 178
MPMatt Pirozzi
Mortgage Broker
0428 851 996
THTony Harris
Independency Pty Ltd
0411 602 662
SNShaldon Naude
Inno Finance
0435 765 766
TCTristan Cleggett
Mortgage Broker
0449 173 334
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.