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 Guildford
SSSharbel Sleiman
Mortgage Broker
0466 785 513
BMBarbara Mourga
Mortgage Broker
0408 222 030
CLChris Lahoud
MEDI IMPALA FINANCIAL PTY LTD
0413 791 917
EGEddie Georges
Mortgage Broker
0411 173 777
CKCharbel Katrib
Bona Fide Broking
0450 707 057
PPPeter Pisani
P.C. Financial Services
0297 092 399
AHAndrew Hamad
JY LENDING PTY LTD
0426 414 657
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.