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 Gordon
TMTodd McKeon
Mortgage Broker
0414 678 831
JYJenny Yin
Mortgage Broker
0403 013 096
TBTim Bishop
Mortgage Broker
0418 965 570
JEJohn Empey
Acceptance Finance
0449 173 533
LZLorraine Zhang
Mortgage Broker
0457 302 071
JSJonathan Sherlock
Realm Finance
0414 564 772
DZDavid Zhu
Mortgage Broker
0402 925 964
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.