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 Five Dock
PAPeter Achelles
Fastnet Mortgage Group
0418 688 229
JBJason Basseal
Mortgage Broker
0414 013 782
AAAlec Ardeleanu
The Edge Home Loans
0410 599 199
BYBrian Yeo
Centurion Mortgages PTY LTD
0439 414 543
SSstephen Schimschal
Perfortuna Pty Ltd T/as Succor Financial
0409 626 698
APAlen Papazoglu
Advance Mortgage Brokers
0414 668 378
SSStephen Schimschal
Sydney Discount Mortgages
0409 626 698
JTJames Tsolakis
Mortgage Broker
0416 060 700
JTJanet Tang
Mortgage Broker
0407 188 331
CPCosta Panagopoulos
Astra Finance Pty Ltd
0424 800 600
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.