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 Gymea
CMCristin Moodie
Mortgage Broker
0420 907 536
JGJason Gomes
Frontline Loans Pty Ltd
0426 990 866
DWDarren Watson
Mortgage Broker
0400 665 115
BTBrian Taylor
Mortgage Broker
0405 217 749
JPJason Platt
Platt Developments Pty Ltd
0411 334 488
DMDavid Moodie
Mortgage Broker
0420 748 536
MHMichele Hutchen
Mortgage Choice Gymea
0420 365 111
BHBen Herden
Mortgage Broker
0412 268 713
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.