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 Gregory Hills
ASApar Sharma
RSAG GROUP PTY LTD
0424 288 880
LVLouis Velasquez
Mortgage Broker
0451 888 798
MMMaurizio Montagnese
Mortgage Broker
0412 154 532
ARAman Ramkhelawan
Australian Choice Home Loans Pty Ltd
0405 022 688
MBMuhammad Bangura
Mortgage Broker
0468 375 272
MBMel Bull
Mortgage Broker
0413 976 314
LSLalen Sharma
Premium Select Finance
0411 061 083
SBSam Buckley
Thrive Lending Group
0421 985 752
MMManish Maharjan
Mortgage Broker
0430 983 202
HKHarish Kumar
Stepwise Finance Pty Ltd
0450 732 234
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.