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 Edgecliff
NRNick Roche
Mortgage Broker
0425 327 696
RGRichard Glynn
Richard Glynn Finance Pty Ltd
0421 017 579
PSPeter Scott
Mortgage Broker
0439 456 049
ASAbe Samuel
CHOICEBIZ
0412 246 518
JYJJ Yu
Nationwide Mortgage Corporation
0411 303 272
HSHyun Soo Kim
Mortgage Broker
0416 043 258
KSkelvin smith
Smith Finance Group
0411 078 078
ARAsif Raza
Mortgage Broker
0477 910 000
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.