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 Cronulla
RWRobin Wilkinson
Wilkinson Financial Pty Limited
0417 672 511
SFSamuel Fowler
Mortgage Broker
0410 219 225
CBChristina Brennan
Mortgage Broker
0438 277 791
SWSusan Wilson
Mortgage Broker
0414 540 108
PDPriya Deguara
Mortgage Broker
0414 854 244
SKSamuel Khalil
Mortgage Broker
0411 350 955
DKDavid Khalil
DPN Finance
0411 222 004
YCYucel Cetinay
Mortgage Broker
0414 977 110
MMMatthew Mifsud
Mortgage Broker
0416 117 054
JHJonathan Harris
Mortgage Broker
0410 903 241
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.