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 Ermington
LZLily Zhao
Mortgage Broker
0410 615 418
HCHarry Cui
Mortgage Broker
0435 266 503
WNWesley Neave
Gardenpath Financial
0468 367 910
LRLana Roos
Chemical Free Living Pty Ltd
0403 851 498
PHPhil Huang
Mortgage Broker
0424 888 218
AKAndrew Kelada
uLend Finance Pty Ltd
0401 675 471
ZKZenia Khaira
Mortgage Broker
0404 980 003
SRStephan Roos
Mortgage Broker
0418 615 579
NSNorman Suryadi
Certitude Finance (T/A OneSite Finance)
0402 418 669
LWLaurayne Walkerden
Key Strategy Solutions Pty Ltd
0488 173 353
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.