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 Eastwood
VLVivian Luu
Mega Choice Mortgages P/L
0298 046 808
CCCathy Chan
Mortgage Broker
0468 881 902
JKJong Kun Yoo
Mortgage Broker
0424 842 733
HYHye Young Kim
Now Home Loan Pty Ltd
0413 370 825
CZChris Zhou
Authentic Mortgage Solutions Pty Ltd
0431 647 848
LZLiang Zhang
OZ MORTGAGE SOLUTION PTY LTD
0425 220 428
CJCarol Jian
AClink Management PTY LTD
LZLiang Zhang
Mortgage Broker
0425 220 428
TGTony Gao
Mortgage Broker
0405 538 716
CGCindy Guo
Mortgage Broker
0433 575 712
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.