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 Chiswick
RAReni Angkasa
Mortgage Broker
0401 764 959
MWMargaret Wang
Mortgage Broker
0401 680 980
GSGina Salib
Mortgage Broker
0433 246 676
TCTiffany Chu
Chiswick Finance Pty Ltd
0421 735 390
DGDavid Gonzalez
Capital Wealth Solutions
0477 388 372
SPSean Press
Captn Capital Pty Ltd T/A Loan Market Invictus
0411 917 919
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.