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 Burwood
DWDerek Wu
Glory Development Pty Ltd
0431 382 205
AAAndrew An
Lyan Finance
0402 112 188
MMMichael McDermott
Redwood Financial Pty Ltd
0434 569 016
KFKun Feng Feng
Mortgage Broker
0433 069 969
JWJerry Wang
Southpac Mortgage Pty Ltd
0421 035 981
NNNelly Nassif
NPN Group (INT) Pty Ltd
0456 101 010
YFYan Fen ( Lila ) Liang
Mortgage Broker
YLYingzi Liu
Mortgage Broker
0421 874 526
RJRungao Jin
Mortgage Broker
0449 089 658
APAndy Pang
Mortgage Broker
0451 678 828
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.