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 Double Bay
LGLAWRENCE Goldberg
Modena Capital
0412 566 506
RWReuben Way
Azura Financial
0413 214 891
AMAlan McCormick
Mortgage Broker
0403 017 801
DDDom Dzakula
Azura Financial
BHBen Hawley
Mortgage Broker
0413 766 888
DPDaniel Pym
Mortgage Broker
0412 838 490
DPDean Perlman
Charter Finance Institute Pty Ltd
0414 999 402
GSGeorge Sioutas
Mortgage Broker
0414 689 169
GOGuy Ogier
Ogier & Co.
0412 252 548
MSMarianne Snaidero
Mortgage Broker
0438 778 812
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.