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 Vale
TBTram Bui
VB Home loans
0438 628 012
KPKim Pham
Mortgage Broker
0415 955 355
RKRonald Khuong Tran
Flatmart
0411 136 862
Nader Dalati
Mortgage Broker
0405 227 139
STSimon Tran
Mortgage Broker
0476 418 888
VTVanessa Tran
Mortgage Broker
0431 599 483
DNDon Nguyen
Mortgage Broker
0431 777 939
DDDuong Dang
Mortgage Broker
0499 686 970
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.