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 Cranebrook
ZLZhihao Lim
AUSTRALIA FINANCE HOUSE
0434 503 800
OCOlivia Canak
Mortgage Broker
0434 514 519
RRRebecca Rositano
Mortgage Broker
0433 846 786
DGDamian Griggs
Cascara Financial Services Pty Ltd
0459 737 393
JIJasmyn Ingaldo
Mortgage Broker
0406 333 012
JCJohn Cremona
Mortgage Broker
0478 066 199
PDPaul Deheaume
Mortgage Broker
0404 872 187
SSSavy Singh
savy financial services pty ltd
0481 857 258
Arnab Maity
Mortgage Broker
0456 920 520
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.