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 Cherrybrook
SISreedharan Iyer
Oz Trek Finance Solutions
0431 139 499
DLDavid Lucas
Mortgage Broker
0404 899 268
RHRoy Huang
Mortgage Broker
0470 345 214
HCHelen Coggins
Australian Financial Innovations
0409 934 553
AAAjay Agarwal
Mortgage Broker
0405 569 967
ASAranya Sharma
Mortgage Broker
0470 452 075
HJHui Jiang
Mortgage Broker
0402 465 196
RKRobert Knox
Mortgage Broker
0412 206 837
VDVince del Gallego
Partnership Finance
0420 817 589
HWHiran Walawage Ahangama Walawage
Dary Financial Services Pty Ltd
0428 619 193
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.