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 Canley Heights
ATAnn Truong
Mortgage Broker
0411 095 848
JSJeff Sun
Mortgage Broker
0407 935 184
AHAlex Hua
Alex & Kat Pty Ltd
0402 585 591
Steven Le
Mortgage Broker
0418 696 328
JHJames Huang
Mortgage Broker
0432 257 218
MMMichael Marco
Mortgage Broker
0456 886 479
CNCharton Nguyen
Mortgage Broker
0404 557 949
VLVann Lim
Mortgage Broker
0423 217 666
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.