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 Junction
DCDavid Chia
Mortgage Broker
0403 238 670
NSNatalie Smith
Mortgage Broker
0413 901 218
MWMarc Weininger
Mortgage Broker
0411 498 494
ACAndrew Cusack
Money Warehouse NSW
0419 332 211
SFSharon Frazer
Ourloan Finance Brokers
0414 790 305
ATAnnie Truong
Affinity Capital Solutions Pty Ltd
0414 666 919
JRJonathan Raymond
Mortgage Broker
0402 449 327
JWJames Watson
Mortgage Broker
0400 000 000
JDJimmy Du
Mortgage Broker
0425 424 018
Craig Saalmann
Mortgage Broker
0402 336 881
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.